Custody

Par Cryptomcmillan1 | Mis à jour le May 24, 2020
In the context of cryptocurrency, a "custodial" asset means an asset is placed under the care of a third party. This is similar to how banks have custody over their customer's funds. A Custodial Wallet refers to a wallet whose private key management falls under the care of a company. Examples of Custodial wallets include Coinbase, Nexo and other wallets where users do not have access to their private keys.

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Termes connexes

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Secondary payment channel occuring off-chain
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Double spending refers to the act of spending digital currencies twice. This is most commonly applied on crypto exchanges by unscrupulous actors.
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The name for IOTA's Directed acylic graph (DAG) based transaction settlement layer.
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