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A block reward is the compensation earned by a cryptocurrency miner or validator for contributing resources — in the form of computing power or staked capital — to confirm previous network transactions and add them to a blockchain. Like the name implies, a blockchain is a string of blocks of confirmed transaction

A hash function in crypto plays an important role making public key cryptography secure at scale. Hashing is used to create signatures during the transaction process and also to confirm transactions during the mining process (for proof-of-work). A crypto hashing function in terms of transactions plays two basic roles: The

A seed phrase, also known as a recovery phrase, is a series of words that are designed as an easier to remember way to recover a crypto wallet. Sometimes seed phrases or recovery phrases are confused with private keys, mainly because they help regain access to a wallet. But the

A crypto public address is a key component of what makes it easy to send assets back and forth on the internet. An address is derived from a public key, which along with a private key is used to securely sign digital asset transactions. There are a handful of important

A crypto public key allows for transparency and makes it possible to conduct transactions on an open digital ledger (or a blockchain) without the need for a trusted third party. Anyone can view or audit the details of a public address — and every transaction on an open ledger has a

A private key in crypto is like a secret passcode that unlocks a vault containing digital assets. The vault, in this case, is actually an entry on a blockchain showing an amount of assets controlled by an individual address. While anyone can see the contents of the vault using freely

A cryptocurrency wallet is a specialized software tool that uses a one-way cryptographic algorithm to link public crypto addresses with a unique private key. In some ways cryptocurrency wallets are a bit of a misnomer. A wallet implies a place where money or assets are stored. But that’s not