Decryptopedia Terms Beginning With 'Y'

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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 “Y”

Yield Farming
Yield Farming is the process of looking for the best yield offered by decentralized finance (DeFi) services and protocols, and using one or several together to maximize your rewards or earn interest for using the service. As a user, you can borrow from or lend cryptocurrency to different DeFi platforms.

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Terms that start with “Y”