Decryptopedia Terms Beginning With 'I'

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Custodial Wallets

Personal or business wallets controlled by a company or cryptocurrency exchange (like Coinbase or Binance), which stores your private keys for you. Custodial wallets are considered less safe than noncustodial wallets because if hackers were able to access an exchange’s network, they could potentially access your private keys and ultimately have complete control of your account balance, allowing them to steal your digital assets.

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Crypto Industry

The cryptocurrency industry is made up of 15,000+ different cryptocurrencies, dozens of blockchain companies and platforms, startups, investors, foundations, regulators, influencers, and more, all...

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Terms that start with “I”

Immutability
A core feature of blockchains that makes their ledgers, the data record of transactions, unchangeable and unalterable. Immutability drives the trustworthiness and integrity of blockchain data as chain transactions and rulesets are protected from fraud, hacking and other wrongdoing.
Initial Coin Offering (ICO)
A token sale or crowdfunding event offered by cryptocurrency startups, existing projects, and blockchains, looking to raise money from investors to fund new and ongoing development. It’s very similar to initial public offerings (IPO) that take place in the traditional finance world of stocks. ICOs sometimes offer pre-sale or discounted token prices in exchange for capital investment.

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Terms that start with “I”