Glossary

Seed phrases

Seed phrases are a set of words that back up and restore a crypto wallet, giving full access to its funds if the private keys are lost.

Digital signatures are cryptographic proofs that verify the authenticity and integrity of digital messages or blockchain transactions.

GameFi is the combination of gaming and decentralized finance, where players earn crypto or tokens through gameplay and in-game economic systems.

Governance in crypto is how decisions about a blockchain or protocol are made, often through token holders voting on changes and proposals.

Tokenization is converting real or digital assets into blockchain tokens, enabling easier transfer, ownership, and fractionalization.

dApps are decentralized applications that run on blockchains, using smart contracts to operate without central control or single points of failure.

Ownership in crypto means control over assets via private keys, allowing users to hold, transfer, or manage funds without intermediaries.

Cross-chain bridges let users move assets or data between different blockchains, enabling interoperability across otherwise separate networks.

Blockchain forks are splits in a blockchain’s code or history, creating separate versions; either temporary (soft fork) or permanent (hard fork).