Non-custodial
By CoinGecko | Updated on Mar 03, 2020
It is a decentralized type-of-wallet, where the users owns its private keys. Having the private keys equals to you owning full control of your funds but the danger is if you lose your private keys, you will lose your funds forever.
Related Terms
Delegated Proof-of-Stake (dPOS)
A consensus mechanism where selected members of a network are voted as delegates to validate transactions and produce blocks on a blockchain.
Yield Farming
Yield farming involves putting cryptocurrency into a DeFi protocol to collect interest on trading fees.
Liquidity
The ease of which cryptocurrency can be bought and sold without impacting the overall market price.
ERC-1155
ERC-1155 token standard allows each token ID to represent both non-fungible (NFTs) and fungible tokens which may have their metadata, token supply and other attributes.
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