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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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Judicial review

A court examining whether a government decision was lawful. It tests the legality of how a…

Smart contract

Code deployed to a blockchain that executes automatically when its conditions are met. It removes the…

IPO

An initial public offering: the first sale of a company's shares to public investors. It raises…

Mining

Competing to add the next block to a proof-of-work blockchain by burning computing power on a…

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