Cold Storage
By CoinGecko | Updated on Mar 03, 2020
In contrast to hot storage which are typically online to allow for fast deposit/withdrawal, cold storage refers to the offline storage of cryptocurrencies through the use of hardware non-custodial wallets, wallet files stored in USB or offline computers, as well as paper wallets.
Related Terms
Futures
An agreement between two counterparties that obligates them to transact in the future based on the contract terms set.
Permissioned Blockchain
It is a private blockchain where the nodes must be previously authorized by a central entity.
Cold Wallet
Wallets that are offline and require physical access to certain devices (eg. hardware wallet, paper wallets)
Ledger
A record of financial transactions that cannot be changed, only appended with new transactions.
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