Search our executive blockchain insights and services.
Hierarchical Deterministic (HD) Wallet A succinct definition of Hierarchical Deterministic (HD) Wallet Hierarchical Deterministic (HD) WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHIERARCHICAL DETERMINISTIC (HD) WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinHierarchical Deterministic (HD) WalletA Hierarchical Deterministic (HD) wallet, defined under Bitcoin Improvement Proposal 32 (BIP-32), is a type of cryptocurrency wallet that generates a tree-like…
Learn More
Wallet A succinct definition of Wallet WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYWALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinWalletCryptocurrency wallets are a method to manage digital assets, as well as execute transactions through the blockchain. Depending on the provider, some wallets have additional features, such as allowing users to purchase and sell their assets or interact with decentralised applications (dapps) within a specific ecosyste…
Learn More
Cryptocurrency Wallet A succinct definition of Cryptocurrency Wallet Cryptocurrency WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCRYPTOCURRENCY WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinCryptocurrency WalletCryptocurrency wallets are a method to store digital assets, as well as execute transactions through the blockchain. Depending on the provider, some wallets have additional features, such as allowing users to purchase and sell their assets or i…
Learn More
Software Wallet A succinct definition of Software Wallet Software WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSOFTWARE WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinSoftware WalletA type of hot wallet, software cryptocurrency wallets exist solely as software files on a computer or mobile device. In most cases, software wallets are more accessible and convenient for users to send, receive, and store cryptocurrency compared to hardware wallets. Dependi…
Learn More
Cold Wallet A succinct definition of Cold Wallet Cold WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCOLD WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinCold WalletBy definition, any form of cryptocurrency wallet that is not connected to the internet is considered a cold wallet. In comparison with a hot wallet, which is connected to the internet, cold wallets are generally considered more secure since they keep a user’s private keys offline.Types of co…
Learn More
Hot Wallet A succinct definition of Hot Wallet Hot WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHOT WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinHot WalletHot wallets are connected to the internet, meaning that funds stored in hot wallets are more accessible. However, because of this connection, they are also susceptible to malicious attacks. Examples of hot wallets include web-based wallets, mobile wallets, and desktop wallets. Hot wallets work as …
Learn More
Hardware Wallet A succinct definition of Hardware Wallet Hardware WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHARDWARE WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinHardware WalletA hardware wallet is an offline physical cryptocurrency wallet that heavily emphasises the security of private keys. Hardware-based cold storage is generally considered more secure than software-based hot wallets because it keeps the private keys of a digital wallet complet…
Learn More
Custodial Wallet A succinct definition of Custodial Wallet Custodial WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCUSTODIAL WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinCustodial WalletCustodial wallets are typically used by centralised exchanges (CEXs), which control the wallet for the user. They are easier to use for individuals who do not want to keep track of multiple keys and seed phrases. CEXs typically provide a user-friendly experience, as th…
Learn More
Multi-Signature Wallet A succinct definition of Multi-Signature Wallet Multi-Signature WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMULTI-SIGNATURE WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinMulti-Signature WalletA multi-signature (multisig) wallet is a type of digital wallet that requires multiple private keys to authorise a transaction. This adds an extra layer of security by ensuring that no single person or entity has complete control over the …
Learn More
Non-Custodial Wallet A succinct definition of Non-Custodial Wallet Non-Custodial WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYNON-CUSTODIAL WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinNon-Custodial WalletA non-custodial wallet, also known as a self-custody wallet, is a digital wallet that allows individuals to securely store and manage their digital assets without relying on a third-party custodian. It promotes financial autonomy and privacy, offeri…
Learn More