Glossary-K

K

Key

In the context of web3, a key typically refers to a cryptographic key used for authentication and access control of digital assets in a blockchain network.

See also: #Private Key, #Public Key, #Public Key Encryption

Know Your Customer

See #KYC

KYC

Acronym - Know Your Customer

The practices required by law and regulatory agencies of centralized exchanges and other financial institutions to verify the identities and background information of their customers.

See also: #AML