Mnemonic Phrase
By CoinGecko | Updated on Mar 03, 2020
A mnemonic phrase (also known as mnemonic seed, or seed phrase) is a list of words used in sequence to access or restore your cryptocurrency assets. It should be kept secret from everyone else. It is a standard in most HD wallets.
Related Terms
Mining Contract
Another term for cloud mining, where users can rent or invest in mining capacity online.
Turing-Complete
A "turing complete" code or blockchain refers to the ability to read program-written codes.
Microtransaction
Microtransaction is a system that made very small payments possible in buying the common digital goods and services, such as purchasing items in a game.
Token
Blockchain based unit of value issued by an organization, which grants token holders a right to participate in a network.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.