Glossary
Multisig Wallet
A wallet that requires several signatures to move funds, usually from several separate devices.
A multisig wallet holds several private keys and needs a set number of them, such as two of three, before any transaction can execute. That means one stolen device cannot drain the account.
Teams use it for treasuries and protocol controls. Individuals use it as an inheritance arrangement, where a successor key only becomes usable after a condition is met.
The trade-off is operational friction. Every transfer needs coordination across devices or signers, so if one holder loses access to their key, you can end up locked out of your own funds.
Related terms
Airdrop
Free tokens distributed to wallet addresses, usually to reward early users of a protocol.
AMM
Automated Market Maker — a protocol that prices assets with a formula instead of an order book.
APR vs APY
APR is the yearly rate without compounding; APY includes compounding and is always higher.
ATH
All-Time High — the highest price an asset has ever traded at.
Bear Market
A prolonged decline, conventionally 20% or more from recent highs.
Bull Market
A prolonged rise driven by new demand, easy credit and rising confidence.