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About BIBIBI Daily Digest Privacy & Account Security

For information and learning only. Not investment advice. Crypto assets involve risk.

© 2026 BIBIBI

Glossary

Terms8 shown

Wallet honeypotsWallet honeypots refer to scammers publicly displaying wallet credentials that appear to hold assets, enticing others to add fees or attempt transfers, while using control mechanisms to trap or siphon off funds.
payment channelsA common subtype of State Channel, primarily used for repeated transfers of value between participants.
DecentralizationAn arrangement that transfers control and decision-making authority from a single person or institution to a distributed network.
Physically isolated signing deviceA device that establishes no wired or wireless connection with a computer or mobile phone, and transfers pending transaction data for signing only via QR codes or a microSD card.
Federated cross-chain bridgeA cross-chain bridge in which asset transfers between different blockchains are approved by a group of trusted entities.
Cross-Chain BridgeA tool that connects different blockchain networks and supports cross-network token transfers or communication.
Wallet AddressThe destination information that must be verified when receiving or sending cryptocurrency; transfers are generally irreversible if it is entered incorrectly.
Wallet address whitelistWallet addresses pre-designated as eligible to receive transfers; transfers to addresses not on the list will be blocked.

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Definition

Decentralization

An arrangement that transfers control and decision-making authority from a single person or institution to a distributed network.

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