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
Stale Block
Double mined blocks that are not included in the blockchain.
Decentralized Applications (dApps)
Applications that run on decentralized peer-to-peer networks such as Ethereum.
BitLicense
Refers to the business license issued by the New York State Department of Financial Services (NYSDFS) to companies dealing with Cryptocurrencies (subject to certain exceptions) in New York.
Byzantine Generals’ Problem
A term used to describe the situation a single strategy which requires consensus from all members within a group who cannot be trusted or verified
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