A custodian is a third-party entity or service provider responsible for the secure storage and management of clients' cryptocurrency assets, utilizing specialized security infrastructure to mitigate the risks and complexities associated with self-custody of private keys. These services typically fall into two main categories: cold storage custody (offline secure storage) and hot storage custody (online immediate access).
P
Payee Definition
A payee is the party that receives cryptocurrencies, tokens, or other digital assets in blockchain transactions. In blockchain systems, payees receive funds through unique public key addresses (wallet addresses) and can be individual users, smart contracts, decentralized applications (DApps), or any entity with a valid blockchain address.
Il tuo accesso al mondo delle criptovalute, iscriviti a Gate per una nuova prospettiva
