Kite

Decode finance jargon with Kite

Or try:

Terms starting with H

Showing 3 of 3

Explain it like a bankFlips every card at once

Hardware wallet

also called cold wallet, cold storage
→

A small physical device that keeps your keys offline and signs transactions without exposing them. Suited to savings you rarely touch, not to buying coffee.

What you already know this as

A safety deposit box. Excellent for the deeds to your house, inconvenient for bus fare.

→

A fixed-length fingerprint of some data. Change one character of the input and the output changes completely, which is how a chain of blocks can prove nothing has been quietly edited.

What you already know this as

The check digit on an account number, doing the same job at an enormously larger scale.

→

A wallet on an internet-connected device. Convenient, and the right tool for money you actually spend, which is why the sensible pattern is a small hot balance and a cold store for the rest.

What you already know this as

The cash in your pocket versus the money in your account. Nobody carries their savings in their wallet.

All 3 terms shown.