(noun): A set of two cryptographic keys, consisting of a public key and a private key. The public key is shared with others, while the private key is kept secret.
Example: To securely access your online bank account, you need to use a key pair – the bank’s website uses your public key to identify you, and your private key to authenticate your access.
KYC (Know Your Customer)
(noun): A process used by businesses and financial institutions to verify and gather essential information about their customers, usually for regulatory compliance and security purposes.
Example: Before opening a new bank account, you will be required to complete the KYC process by providing identification documents.
(noun): A blockchain platform designed for high-performance and scalable decentralized applications (dApps) and smart contracts.
Example: Developers can build and deploy various applications on the Kadena blockchain to take advantage of its speed and efficiency.
(noun): A cryptocurrency exchange platform that allows users to trade and exchange various cryptocurrencies.
Example: I bought some Bitcoin on KuCoin and later exchanged it for Ethereum.
(noun): A popular cryptocurrency exchange platform that enables users to buy, sell, and trade a wide range of cryptocurrencies.
Example: To diversify my cryptocurrency portfolio, I decided to purchase some altcoins on the Kraken Exchange.