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Glossary Crypto & Web3

Private key

The secret number that authorises spending from a crypto address. Anyone who has it controls the funds, and there is no institution able to reverse a transfer or reissue a lost key.

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Large language model

A model trained on vast amounts of text to predict what comes next, which turns out…

Bond

A loan to a government or company that pays interest and returns the principal at maturity.…

Custody

Who actually holds the keys. Self-custody means you do; a custodian means a regulated firm does,…

Referendum

A direct public vote on a single question. Whether the result binds the government depends on…

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