Decryptopedia Terms Beginning With 'U'

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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 “U”

Unconfirmed Transaction
An Unconfirmed Transaction refers to a blockchain transaction, such as buying, selling, or transferring a cryptocurrency, that hasn’t been permanently recorded to the blockchain. An unconfirmed transaction status means that the network of miners or validators hasn’t completely examined the transaction in full, to determine that there aren’t any pending transactions involving the same cryptocurrency being used.
Uniswap
Uniswap is currently the largest decentralized exchange (DEX) by trading volume operating on the Ethereum blockchain, which allows anyone to swap ERC20 tokens. Uniswap was the pioneer in using the automated market maker model, where users supply Ethereum tokens to liquidity pools, and algorithms determine how to price assets.

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Terms that start with “U”