Glossary

Custody services refer to the safekeeping and management of digital assets, such as cryptocurrencies, on behalf of clients. Vaultody offers secure and reliable custody services to its clients.

Digital assets refer to any form of value or property that exists in digital form. This includes cryptocurrencies, digital securities, and other types of digital assets. Vaultody provides a secure platform for the management of digital assets.

Cryptocurrency is a digital asset designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units. Vaultody offers a secure platform for the management of cryptocurrencies.

Decentralization refers to the distribution of power and control across a network of nodes, rather than being concentrated in a single entity. Many digital asset management systems, including Vaultody, leverage decentralization to enhance security and reliability.

Hot storage refers to the storage of digital assets on devices that are connected to the internet. While hot storage is more convenient for frequent transactions, it can also be more vulnerable to cyber attacks. Vaultody offers both hot and cold storage options to its clients.

An exchange is a platform that allows users to buy, sell, and trade cryptocurrencies and other digital assets. Vaultody partners with reputable exchanges to provide its clients with access to a wide range of digital assets.

A software wallet is a digital wallet that stores a user's private keys on a device, such as a computer or smartphone. Vaultody supports a variety of software wallets, and ensures the security of private keys through the use of MPC technology.

A security token is a digital representation of a traditional security, such as a stock or bond. Security tokens offer many of the same benefits as traditional securities, but with additional advantages such as increased transparency and accessibility. Vaultody offers secure custody and management of security tokens.

A utility token is a digital asset that is used to access a specific product or service, such as a software platform. Utility tokens are often used in initial coin offerings (ICOs) to raise funds for new projects. Vaultody provides secure custody and management of utility tokens.

A blockchain network is a distributed ledger that is maintained by a network of nodes. Each node on the network stores a copy of the ledger, which allows for greater transparency and security. Vaultody leverages blockchain technology to provide secure and reliable services to its clients.

Tokenization refers to the process of converting real-world assets into digital tokens that can be stored, traded, and managed on a blockchain network. Vaultody supports the tokenization of a wide range of assets and provides secure custody and management services for tokenized assets.

A cryptographic key that consists of two mathematically related keys, one public and one private.

Bitcoin Improvement Proposal 32. A standard for hierarchical deterministic wallets.

A technique for storing digital assets offline to reduce the risk of hacking.

A method of exchanging cryptographic keys over an insecure channel.

A type of public-key cryptography that is based on the mathematics of elliptic curves.

Federal Information Processing Standards 140-2. A U.S. government standard for cryptographic modules.

A type of cryptocurrency wallet that uses a tree-like structure to generate a large number of public and private keys.

A function that derives one or more cryptographic keys from a secret value.

A hardware wallet that is used to securely store digital assets.

A type of transaction that requires multiple signatures before funds can be spent.

A random number that is used only once in a cryptographic protocol.

A technique for signing transactions on a computer that is not connected to the internet.

A transaction that has been partially signed by one or more parties.

A secret key that is used to sign transactions and prove ownership of digital assets.

A key that is used to receive transactions and verify digital signatures.

A field of computing that uses quantum-mechanical phenomena to perform operations on data.

A master key that is used to derive all other keys in a hierarchical deterministic wallet.

A type of digital signature that is more efficient and secure than traditional signatures.

A hardware-based security mechanism that is used to store cryptographic keys.

A technique for sharing a secret among multiple parties.

An attack on a cryptographic system that exploits information leaked through unintended channels.

A type of cryptography that requires multiple parties to cooperate in order to perform cryptographic operations.

A security mechanism that requires two forms of identification before access is granted.

Universal 2nd Factor. A standard for two-factor authentication that uses a hardware token.

A SaaS and custody technology provider based on MPC technology.

A software program that is used to store and manage digital assets.

A decentralized ledger that is used to track transactions in the XRP cryptocurrency.

A cryptographic proof that demonstrates the truth of a statement without revealing any additional information.

The process of verifying the identity of a user or system.

A decentralized ledger that is used to record transactions in a secure and transparent manner.

A trusted third-party that is used to issue and manage digital certificates.

A system that is not controlled by a single entity or organization.

The process of converting plaintext into ciphertext to protect its confidentiality.

A network security system that monitors and controls incoming and outgoing traffic.

A mathematical function that converts an input of arbitrary length into a fixed-size output.

The assurance that data has not been tampered with or altered in any way.

A layer 2 solution for Bitcoin that enables faster and cheaper transactions.

A tree-like data structure that is used to efficiently verify the integrity of large datasets.

A cryptographic technique that enables multiple parties to compute a function on their private inputs without revealing their inputs to each other.

The practice of separating different types of traffic on a network to improve security.

A backup that is stored on a separate physical device that is not connected to the internet.

A consensus mechanism in which validators stake their own cryptocurrency to confirm transactions.

A consensus mechanism in which validators solve cryptographic puzzles to confirm transactions.

The use of multiple components to improve the reliability of a system.

A method of sharing a secret among multiple parties that ensures that no single party can reconstruct the secret.

A self-executing contract that is stored on a blockchain and automatically enforces the terms of the contract.

A method of encrypting data that requires two keys to decrypt the data.

A hacker who uses their skills for ethical purposes, such as improving security.

A protocol that enables one party to prove to another party that they know a piece of information without revealing the information itself.

A type of multisignature wallet that requires two out of three private keys to authorize transactions.

A security feature that restricts transactions to only specified addresses.

A security measure that physically isolates a device or network from the internet.

A type of encryption that uses a pair of keys, one public and one private, to encrypt and decrypt data.

A fault-tolerant consensus mechanism that allows a distributed system to reach agreement despite the presence of faulty nodes.

A digital wallet that stores cryptocurrency and facilitates transactions.

A type of cyber attack in which a network or website is flooded with traffic to the point of overload.

A cryptocurrency exchange that operates on a decentralized blockchain network.

A type of cryptocurrency wallet that generates a sequence of public and private keys from a single seed value.

A mathematical scheme for verifying the authenticity of digital messages or documents.

A type of cyber attack in which a network or website is flooded with traffic to the point of overload.

A type of public key cryptography that is used in many cryptocurrencies.

A consensus mechanism in which a group of trusted validators confirm transactions.

A split in a blockchain network that occurs when two or more nodes add blocks at the same time.

The unit of measurement for transaction fees on the Ethereum blockchain.

A type of cryptocurrency wallet that stores private keys on a physical device.

A type of cryptocurrency wallet that generates a hierarchical tree of public and private keys from a single seed value.

A type of cryptocurrency wallet that is connected to the internet for easy access.

A type of crowdfunding campaign that involves the sale of cryptocurrency tokens.

A function that derives one or more secret keys from a single secret value.

A protocol that operates on top of a blockchain network to increase scalability and reduce transaction fees.

A node on a cryptocurrency network that performs advanced functions, such as validating transactions and voting on protocol changes.

A data structure used in some cryptocurrencies to increase privacy and efficiency.

A type of cryptocurrency wallet that requires multiple signatures to authorize transactions.

A type of cryptocurrency token that represents a unique asset or item.

Transactions that occur outside of a blockchain network, but are later settled on the network.

Transactions that occur on a blockchain network.

Software that is freely available for anyone to view, modify, and distribute.

Third-party services that provide off-chain data to smart contracts on a blockchain network.

A zero-knowledge proof is a cryptographic method that allows for the verification of a claim without revealing any other information beyond the claim itself.

A threshold signature is a type of digital signature that requires a certain number of signers to agree before a transaction can be authorized.

MPC is a cryptographic protocol that enables a group of parties to compute a function while keeping their inputs private.

A randomness beacon is a secure and decentralized source of randomness that can be used in cryptographic protocols.

A multi-signature wallet is a type of digital wallet that requires multiple signatures to authorize a transaction.

Key sharding is a technique for dividing a private key into multiple parts

An HSM is a dedicated cryptographic device that provides secure key storage and management.

A governance token is a type of digital asset that gives holders the right to vote on decisions related to the governance of a decentralized platform.

DLT is a digital system for recording transactions that is decentralized and transparent.

An atomic swap is a type of decentralized exchange that allows for the direct exchange of different digital assets without the need for an intermediary.

A sidechain is a separate blockchain that is attached to the main blockchain and can be used to process transactions with different rules and features.

Key management refers to the practices and techniques used to secure and manage cryptographic keys.

ILP is a protocol that allows for the transfer of value between different blockchain networks.