Keeping private keys offline to reduce risk of remote compromise.
Cold storage refers to storing private keys on devices not connected to the internet (e.g., hardware wallets, paper wallets, air-gapped devices). This reduces the attack surface compared to hot wallets.
Physical security, backup hygiene (seed phrases), and recovery testing are essential. Loss of seed = permanent loss of funds.
A tool that stores private keys and allows users to interact with blockchain networks.
A wallet kept on a device that has never been connected to the internet.
A cryptographic key used to sign blockchain transactions and derive public keys; ultimate proof of control over funds.
All terms and definitions may update as the Cryptionary improves.