WAGMI (We All’re Gonna Make It)
WAGMI is generic crypto slang that means "We All (are) Gonna(going to) Make It." It is used in bad situations where there is little hope and helps uplift sentiments.
Custodial Wallet
A custodial wallet is a crypto wallet that gives the user the right to self-custody i.e., the user controls the private keys.
ERC-20
ERC 20 is the general token standard on the Ethereum blockchain using which crypto projects can create their own tokens on the Ethereum. ERC stands for Ethereum Resource for Comments.
All Time High (ATH)
All time high refers to the highest price level that a cryptocurrency has achieved till date.
Seed Phrases
Seed phrases are the sets of keywords that are required to restore your wallet access when you change your device or forget your password.
Bitcoin Improvement Proposal BIP-39
BIP-39 is a protocol used to generate a secure, human-readable backup of private keys for cryptocurrency wallets.
Cold Wallets
Cold wallets are those crypto wallets that rely on separate hardware to run and can be switched off when not in use.
Private Key
A private key is a string of numbers, letters, or a combination of both used to operate your blockchain address. They are similar to bank account passwords.
Public Key
In crypto, the Public Key refers to the long string of letters, numbers, and most times alphanumeric that is used to send crypto to a blockchain address.
Wallet (Crypto)
A wallet is software, whether independent or embedded in hardware, that keeps the private keys secure so that no one can steal the crypto in your blockchain addresses.