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Cryptolinks - 3800+ Best Cryptocurrency Websites & Bitcoin Sites List of 2024!

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If your website is on the scam list and you think that you are not a scammer, contact us. After you provide us with all the proof that you are in Crypto World with good intentions, we will delist you. Usually, you get in this category because you are hiding your team, you have a bad reputation(you are tricking, deceiving, scamming people), and you haven't got a written project whitepaper or is a shitty one....

Their Official site text:

[email protected]




1.1 Introducing Ruufpay

1.2 About RuufPay Wallet

1.3 RuufPay Wallet Utilities

1.4 Security: Protecting Your Digital Assets


2.1 About RuufCoin

2.2 RuufCoin Tokenomics

2.3 RUUF Utilities

2.4 RUUF Rewards


3.1 Transforming Payments: Empowering

Consumers & Merchants

3.2 Functionality for Consumers and Merchants


4.1 Problems

4.2 The RuufPay Solution

4.3 Our Partners


5.1 The Case for RuufPay

5.2 Digital Assets Around the World


6.1 Roadmap

6.2 Meet the Team

6.3 Our Vision

6.4 Current Status and Platforms

6.5 Glossary


This white paper (“White Paper”) is drafted in general terms and is

meant for informational use only. This White Paper is not intended to

constitute an offer to sell, or an invitation to an offer to buy and/or

subscribe to any digital asset, security or any other financial instrument

or investment product.

By accepting this White Paper the reader represents and warrants that

they understand, accept and acknowledge that the digital asset market

involves risks that should be carefully considered by any potential

participant prior to taking any decision as to whether or not any

potential participant should proceed with any involvement in any digital

asset. It shall be the sole responsibility of the reader to become

informed of any risks that may arise in connection with this White Paper,

any given digital asset, digital asset markets, as well as in the areas of

blockchain and distributed ledger technology in general.

This White Paper, in whole or in part, and any copies thereof, shall not

be taken or transmitted to any country where the distribution of white

papers is prohibited or restricted, or otherwise contrary to the law.



Uncertain Regulations and Regulatory Actions

The regulatory landscape surrounding virtual currencies and blockchain technology

remains uncertain and varies across jurisdictions. Regulatory agencies may apply

existing regulations or introduce new ones that impact the technology and its

applications, including RUUF and the RuufPay platform. Regulatory actions could have

adverse effects on RUUF and the RuufPay platform, including the potential for the

suspension of operations in certain jurisdictions. RuufPay takes a cautious approach to

ensure compliance with legal requirements and mitigate relevant legal risks.

Incomplete Disclosure of Information

As of the date of this White Paper, the RuufPay platform is still under development, and

its design concepts, codes, and technical details may undergo frequent updates and

changes. While this White Paper provides the most up-to-date information available, it

may not be entirely comprehensive and may be subject to adjustments and updates by

the RuufPay team. Due to the dynamic nature of the project and industry, it may not be

possible to provide holders of RUUF with detailed information on every aspect of the

platform's development progress and expected milestones.

Competition from Alternative Platforms

The blockchain infrastructure sector is highly competitive, with new players constantly

emerging. It is possible that alternative platforms utilizing similar technology and

protocols to RuufPay may emerge, attempting to replicate its features. RuufPay may face

competition from these alternative platforms, potentially impacting the value and

adoption of RUUF and the RuufPay platform.

Talent Attrition

The success of the RuufPay platform relies heavily on the continued cooperation of the

existing technical team and expert consultants, who possess extensive knowledge and

experience in their respective fields. The departure of key team members or conflicts

within the team could negatively affect the platform's development and overall stability.


Potential Failure to Develop as Planned

There is a risk that the development and implementation of the RuufPay platform may

not proceed as originally intended due to various factors, such as unexpected technical

difficulties, declining prices of digital assets, virtual currencies, or RUUF, and insufficient

development funds. These factors may result in delays or modifications to the platform's


Security Vulnerabilities

Malicious groups or hackers may attempt to exploit security weaknesses in the RuufPay

platform through activities like malware attacks, phishing attacks, supply chain attacks,

or brute force attacks. Additionally, there is a risk that a third party or a member of the

RuufPay team may unintentionally introduce vulnerabilities into the core infrastructure

of the platform, potentially impacting the security and integrity of RUUF and the

RuufPay ecosystem. Advances in cryptography and security innovations also pose

unpredictable risks that could render cryptographic consensus mechanisms ineffective.

At no point does RuufPay store or have access to any user funds - RuufPay acts as

blockchain infrastructure that allows users to interact with their tokens and digital

assets stored on the blockchain - tokens are NOT within RuufPay in and of itself.

RuufPay is in no way liable or responsible for loss of user funds and by using the

RuufPay platform, users agree that they are fully liable for any occurrence that may

cause them to lose their funds or access to their funds.

Other Potential Risks

The risks mentioned above are not exhaustive, and additional risks may be associated

with the purchase, holding, and use of RUUF token. These risks may materialize in

unforeseen variations or combinations. It is crucial to conduct thorough due diligence on

RuufPay, its team, affiliates, and the overall framework, mission, and vision of the

RuufPay platform before using RuufPay’s technology or innovations.


1 | Introducing RuufPay

1.1 Introducing RuufPay

Presenting the RuufPay Wallet: An innovative response to the formidable

challenges confronting the blockchain industry. As a pioneering force guided by

the principles of decentralized digital assets, the RuufPay project emerges to

address these hurdles head-on. Designed with versatility and user-friendliness

in mind, the RuufPay Wallet offers users a seamless and self-custodial

cryptocurrency experience, providing a vital tool for newcomers navigating the

ever-evolving landscape of blockchain. With an inclusive approach, the

RuufPay’s White Paper not only introduces its features but also includes a

comprehensive glossary, demystifying the crypto jargon that often perplexes.

Brace for the imminent future of cryptocurrency, where the convergence of

empowerment and decentralization reshapes the boundaries of possibility.

RuufPay is revolutionizing peer-to-peer payments and remittances with the

help of blockchain and decentralized finance (DeFi). Our all-in-one self-custody

digital asset wallet redefines convenience and security, making cryptocurrency

usage effortless yet safeguarded. The RuufPay Wallet not only simplifies

transacting on multiple blockchain networks, but additionally to facilitate

real-world transactions, offering flexibility and ease in daily use-cases. Built

upon the notion of robust security measures, RuufPay empowers users to

confidently navigate the crypto realm. With a focus on consumer-friendly

blockchain infrastructure, RuufPay envisions a future where digital assets

become a ubiquitous and embraced medium of exchange for individuals and

businesses alike.


1.2 | About RuufPay Wallet

Prepare to embark on a thrilling journey with RuufPay Wallet – your gateway to

a revolutionary era of non-custodial mobile applications. RuufPay is your

gateway to transforming digital assets into real-world transactions. Users are

now capable of sending, receiving, swapping, buying, selling, and even earning

rewards – all within the palm of their hand. The stagnant acceptance of crypto

in daily life is diminishing – RuufPay is proud to be on the front lines of the


RuufPay is proactively educating consumers and merchants on the use-cases

that will enhance payment simplicity, lower costs and increase revenues.

RuufPay is not simply providing a wallet; it’s constructing transparent financial

infrastructure for the global population, regardless of where one is situated.

With users spanning over one hundred countries, users are being empowered

to be their own bank.


1.3 | RuufPay Wallet Utilities

Non-custodial: Create a new

wallet or effortlessly import

existing Private Keys.

Seamlessly access your funds

through biometric login,

safeguarding your Private Keys

on your local device for

heightened security.

Token Swap: RuufPay

aggregates thousands of token

pairs for users to swap through

multiple decentralized

protocols. The greatest liquidity

pools are the only ones used,

providing the lowest price

impact on swaps, and best of

all, without the need to link a

wallet to a decentralized

exchange (DEX).

Real-world functionality:

An all-in-one ecosystem

providing advanced crypto

functionality with real-world


Instant Purchases: Purchase

tokens with ease by linking a

bank account or debit card in

just a few clicks.

Multichain Support: Easily

access the Ethereum, Polygon

and Bitcoin networks through a

simple interface.

Global Support: Users from

over 100 countries speaking

over 15 languages use RuufPay.


1.4 | Security: Protecting Your Digital Assets

Security is a top priority for RuufPay. Our strong philosophy of decentralization

empowers you with complete control of your funds, eradicating the need to

entrust your holdings with centralized entities. This ensures unparalleled

protection from breaches, hacks, or mishandling of user assets.

According to Chainalysis, there has been $3.8 billion of digital assets stolen in

hacks thus far in 2023, which is why RuufPay further bolsters your protection

by prohibiting wallet connections to third-party platforms through blockchain

browsers. RuufPay’s mobile wallet provides DEX functionality minus the risk,

enabling users to seamlessly transact thousands of tokens while maintaining

the highest security standards.

Your funds are securely stored on the blockchain and are accessible to you

through RuufPay’s user-friendly gateway, transforming mobile devices into

fortified shelters for your digital assets.

The RuufPay approach guarantees a secure user-experience by providing

strong protection against external security breaches, especially those involving

the compromising of seed phrases or private keys. This is accomplished by

establishing a secure connection between wallets and trusted partner

platforms while preventing users from accessing trojans, malware and other

threats from fraudulent platforms duplicating the interfaces of genuine




2.1 | About RuufCoin

At the heart of the RuufPay ecosystem lies RuufCoin (RUUF) – the

driving force behind transactions and community involvement. As the

core operational token, RUUF facilitates smooth and secure platform

transactions. Engaged users are further incentivized, nurturing

community expansion and the adoption of digital assets for transactions.

Built on the Polygon Network (formerly Matic) and adhering to the

ERC-20 standard, RuufCoin boasts a total supply of 1 billion tokens. Its

integration amplifies RuufPay's commitment to revolutionizing

worldwide payments with digital assets.

Token: RuufCoin

Token Ticker: RUUF

Type: ERC20

Network: Matic (Polygon)

Decimals: 18

Contract Address: 0x182f1d39df9460d7aef29afbc80bbd68ed0a41d5

Max Supply: 1,000,000,000 RUUF

Source Code:



2.2 | RuufCoin Tokenomics

Tokenomics serves as the financial backbone that drives a

cryptocurrency project, encompassing the creation, utilization,

and distribution of tokens, influencing their scarcity and utility. A

meticulously crafted tokenomics model holds the key to a

project’s success, while a flawed design can do the opposite.

Consequently, the significance of this facet cannot be overstated,

as it shapes the trajectory of a cryptocurrency project throughout

its lifecycle.

Max Supply

1,000,000,000 RUUF

Liquidity 49%



Team 6%

Early Adopters



2.3 | RUUF Utilities

■ Referral system

■ Discounted swap fees

■ Discounted cross-platform fees

■ RuufPay Rewards eligibility

2.4 | RUUF Rewards

■ Receive up to 18.32% in rewards

■ Apply rewards towards payments

■ Perks and discounts towards

RuufPay-partner checkout


3 | The Future of Digital Finance

3.1 | Transforming Payments: Consumers & Merchants

RuufPay goes beyond mere security; it represents a paradigm shift in the

landscape of global payments. For consumers, our platform offers an

unparalleled user experience, enabling seamless transactions with

digital assets. You can securely store your cryptocurrencies, effortlessly

swap between different assets, buy and sell with ease, and even earn

rewards for your participation within the RuufPay ecosystem.

With complete control over your digital assets and the peace of mind

provided by our robust security measures, you can confidently embrace

the advantages of digital currencies.

RuufPay empowers everyday merchants to accept cryptocurrency as

payment without the complications and limitations often associated

with centralized systems.

By integrating with the RuufPay platform, merchants can tap into a

growing user base of cryptocurrency spenders, expanding customer

reach and unlocking new revenue streams. With lower transaction fees

compared to traditional payment methods and protection against

fraudulent chargebacks, RuufPay empowers merchants with secure and

cost-effective transactions.

Additionally, instant transactions and reduced fees provide merchants

with the ability to optimize their payment processes for increased

efficiency and competitiveness.


3.2 | Functionality for Consumers

and Merchants

As highlighted earlier, RuufPay Wallet lies at the core of

our transformative endeavor, offering intuitive features for

both consumers and merchants. Crypto enthusiasts and

businesses are now capable of embracing digital assets

just like standard currency for daily transactions, fostering

a future where global payments are secure, efficient, and

accessible to all.

For Consumers

■ One-stop-shop to manage

crypto and make payments

■ Safest way to pay

■ Quickest way to go from

trading to spending

For Merchants

■ Expand customer-base

■ Quicker settlement times

■ Lower processing fees

■ Low learning curve

■ High security measures

■ No chargeback risk


4 | Problems & Solutions

4.1 | Problems

Driven by rapid technological advancements and a surging demand from

customers, it’s no secret that the digital payment sector is undergoing a

monumental evolution. Projections from the Digital Market Journal

indicate that the digital payment market is poised to reach a staggering

$19.89 trillion by 2026, demonstrating a remarkable compound annual

growth rate of 24.4%.

Despite the crypto market surpassing $1.1 trillion as of August 2023,

there remains a lack of convenient options for making everyday

purchases using digital assets. The majority of merchants prefer

traditional fiat payments, forcing crypto holders to convert their earnings

into local currencies or rely on debit cards tied to centralized exchanges.

This process exposes user assets to potential withdrawal delays,

putting their digital holdings at risk.

Additionally, cryptocurrencies are predominantly viewed as investment

assets, subject to liquidation or controlled by centralized entities,

hindering their potential to become a widely accepted, decentralized

form of payment.


4.1 | Problems (continued)

Problem: Using digital

assets for real-world

payments is complex,

confusing and reliant on

centralized platforms.

Problem: Most self-custody

wallets are confusing, even for


Problem: Many crypto

users accidentally link their

web3 wallet to fraudulent

sites, resulting in a complete

loss of assets.

Problem: Centralized

exchanges can freeze user

assets or pause withdrawals

without notice, putting user

funds at risk.

Additional issues with traditional payments:

• Lack of data transparency

• Long settlement periods

• High fees


4.2 | The RuufPay Solution

By creating a user-centric all-in-one platform with payment

functionality, payment rewards, multiple networks, swaps, payment

partners and industry-standard wallet functionality, users can now

access a simple solution to transact with both standard blockchain

use-cases and real-world use-cases without having to leave the app.

RuufPay provides a comprehensive closed-loop experience, ensuring

users retain complete control over their assets. To enable convenient

token purchases, we have partnered with top payment processors and

liquidity providers.

Users can easily access these services within the RuufPay mobile

application and purchase digital assets using various payment methods

including Debit Card, Bank Account, SEPA, SWIFT, ACH, and more, in

over 100 countries. The purchased digital assets are then viewable and

transactable within the RuufPay Wallet. Enjoy the benefits of DeFi

without compromising on the ease of traditional financial services.


4.3 | Our Partners

RuufPay is revolutionizing the world of cryptocurrency

transactions through our dynamic collaborations with industry

leaders. Users can now purchase cryptocurrencies securely and

effortlessly, and soon make all your payments through our

one-stop-shop mobile solution as we continually onboard top

tier merchant partners.

Our commitment to top-notch security protocols ensures that

your transactions are safeguarded at every step. Enjoy the liberty

of managing and transacting with your assets on your terms,

without compromise.


5 | Use Cases & Current Market

5.1 | The Case for RuufPay

● Over 2,300 prominent

businesses in the US, including

Microsoft, AT&T, Burger King,

KFC, Subway, and Pizza Hut,

readily accept Bitcoin as a valid

payment method.

● A significant 36% of small to

mid-sized US companies

embrace cryptocurrencies, with

40% of crypto-paying

customers being new customers

who tend to make larger

purchases compared to credit

card users.

● The global expenditure on

blockchain solutions is projected

to reach an impressive $19

billion by 2024, highlighting the

increasing adoption and

investment in this technology.

● In the first half of 2021 alone,

the usage of crypto-linked cards

exceeded $1 billion, indicating a

strong and growing trend

towards integrating

cryptocurrencies into everyday

financial transactions.

● An overwhelming 93% of

American and Canadian

consumers have expressed their

intention to utilize

cryptocurrency or other

innovative payment

technologies within the

upcoming year, underlining the

widespread acceptance and

anticipation for these new

payment methods.


5.1 | The Case for RuufPay (continued)

Benefits of Merchants Accepting Crypto as Payment:

● Reduced transaction fees when compared to credit cards,

allowing for cost savings in financial transactions.

● Benefit from protection against fraudulent chargebacks

due to the decentralized nature of cryptocurrencies,

ensuring more secure transactions.

● Tap into a broader customer base, including international

spenders, without incurring excessive fees or



5.2 | Digital Assets Around the World

Singapore based blockchain firm TripleA reports a substantial global crypto

user base of approximately 420 million individuals as of 2023. Supporting the

statistic, a survey conducted by Bitcoin Market Journal and Blockcard revealed

that around 70% of crypto enthusiasts actively allocate a portion of their digital

assets towards purchases. These findings emphasize the growing adoption and

practical utilization of cryptocurrencies in real-world transactions.

Data analysis that excludes users who purchase additional cryptocurrencies

indicates an impressive count of over 67 million active crypto spenders

worldwide. This number is expected to rise in correlation with the growing

acceptance of cryptocurrencies as a payment method.


5.2 | Digital Assets Around the World (continued)

A decade after the world first heard of Bitcoin, the cryptocurrency market cap has

amassed over $1.1 trillion (Aug, 2023). While the growth rate is lower than the

previous year, the market capitalization amount is just a fraction of the S&P 500 index

at over $33 trillion, and a global stock market valued at $108 trillion. As the data on

the upcoming pages indicate, aging millennials and gen-z are more inclined to immerse

themselves in the crypto world due to its digital nature. Additionally, major institutions

such as BlackRock and Fidelity are heavily investing in blockchain innovations. Lastly, a

steady increase in crypto wallets are being created year over year, surpassing 81

million active wallets at the end of 2022, establishing a 27% increase from the

previous year.

Crypto Wallets created year over year


According to RBC Capital Markets analysts’ future predictions, the cryptocurrency market

may exceed $10 trillion within the next 15 years, resulting in much newly generated

wealth with a portion that will likely be directed towards making real world payments.


6 | Roadmap, Team & Vision

6.1 | Roadmap

Q4 2020

Complete Market Research

Finalize RuufPay Concept

Form Team

Q2 2021

Launch internal RuufPay MVP

Begin RuufPay iOS Development

Complete RUUF Tokenomics

Begin RUUF Development

Q3 2021

Launch RUUF

Launch Web Staking

Complete Quillhash audit

Coingecko listing listing

Q1 2022

Launch RuufPay Wallet Beta for

iOS & Android

Q2 2022

Launch RuufPay for iOS and Android

Stablecoin integration

Q3 2022

Coinbase Partnership

Q1 2023

Ethereum network support

Sardine integration

Language support for 17 additional languages

Coinbase Pay integration

Q2 2023

Bitcoin network support

Mt Pelerin integration

2,000+ token support

Bitcoin - Matic bridge

Coinmarketcap listing

Q3 2023

Harley Davidson NY partnership

Q4 2023

CEX listing

Referral system launch

Q1 2024

Merchant dashboard

Crypto payments

Additional network support

Q2 2024

Web wallet launch

Debit card launch

Q3 2024

RuufPay Dapp

Q4 2024

Web3 commerce


6.2 | Meet the Team

Isaac Ivgi Eytan Grossman Michael Wikowski

CEO / Co-Founder COO / Co-Founder CTO

White Paper Author

Maor Moussaieff Alexander Tinyaev Ilya Shabayev

Project Manager Head of Engineering Head of Capital Markets

Jason Wien Maya Wien Meyer Yagyaev

Head of Content Product Growth Blockchain Strategist


Shihpoo Nakamoto


6.3 | Our Vision .

At RuufPay, our belief in the transformative power of digital currencies

and infrastructures is steadfast.

Our vision is a world where financial empowerment is a fundamental

right, where individuals have complete ownership and control over their

wealth without relying on intermediaries. We envision a future where

transactions are seamless, secure, and instantaneous, enabling

economic participation at an unprecedented scale.

We are on a mission to empower secure financial sovereignty by

constructing robust technologies that solve financial inequalities and

inefficiencies by leveraging distributed ledgers and blockchain


This infrastructure will seamlessly facilitate transactions on a global

scale, reflecting our perspective. We anticipate an imminent era where

digital assets attain universal recognition, becoming integral to financial

interactions worldwide. Our mission is rooted in these principles, driving

us to create a platform that redefines the way payments are conducted,

transcending borders and fostering a new era of financial connectivity.

Join us on our journey as we shoot for the moon.


6.4 | Current Status and Platforms

RuufPay is currently available for both iOS and Android mobile devices.

Additionally, RuufPay deployed a web solution for users to enter RuufPay


As part of our future development, we will be rolling out the beta version of our

payment gateway and desktop wallet to select users. Additionally, we are

committed to expanding our platform support to include, but not limited to:

■ Web

■ iOS Desktop

■ Android Browser plugin

■ Chrome

■ Firefox

These initiatives will allow us to provide a more comprehensive and seamless

experience to our valued users across various platforms. We are dedicated to

delivering a scalable all-in-one solution for crypto users of all technology


We are incredibly excited about the vision and the work our team is doing and

has already done to bring it to fruition. While we are firm believers in what we

are doing, we find the best way to onboard new people to the world of crypto is

to show them the RuufPay products. Try RuufPay here and see what all the

excitement is about.

We’re just getting started and we hope you’ll join us on the RuufPay journey!


6.5 | Glossary

Blockchain Browser - a blockchain browser, also known as a "block explorer,"

is a specialized software application or web-based platform designed to

provide users with an accessible and user-friendly interface to explore and

interact with blockchain networks. Its primary function is to display a

comprehensive view of the data stored on a blockchain, allowing users to

retrieve, verify, and analyze various types of information related to transactions,

addresses, blocks, and network statistics.

Centralized Systems - often referred to as centralized exchanges - serve as

intermediaries for crypto trading. Comparable to trading assistants, these

platforms assist users in locating favorable deals, akin to financial services

provided by banks. Nevertheless, contrasting the fundamental tenets of

cryptocurrency, which prioritize user autonomy, centralized systems entail

relinquishing control of digital assets. Despite offering convenience, this

paradigm diverges from the cornerstone principles underpinning genuine crypto


Decentralized Exchange - a type of cryptocurrency exchange that operates

without a central intermediary or authority. Unlike traditional centralized

exchanges (CEX), which are managed by a single entity and require users to

deposit their funds into the exchange's custody, DEXs enable peer-to-peer

trading directly between users while allowing them to maintain control of their

private keys and funds.


6.5 | Glossary (continued)

Digital Asset - a digital asset refers to any form of content, data, or

representation that holds value and can be owned, stored, and traded

electronically. These assets exist in digital form and are typically stored on

digital devices or online platforms. Digital assets can encompass a wide range

of items, from financial instruments like cryptocurrencies and tokens to

multimedia content like images, videos, music, and documents.

Gas Fee - refers to the cost required to execute a transaction or smart contract

operation on that blockchain. It is a fundamental concept in blockchain systems

that utilize a mechanism called "gas" to measure and allocate computational

resources and processing power needed for various actions within the network.

Gas fees are typically denominated in the native cryptocurrency of the


Market Price - refers to the current value at which a specific asset, commodity,

security, or financial instrument is being bought or sold in an open market, such

as a stock exchange, commodity market, or cryptocurrency exchange. It

represents the equilibrium point where the supply and demand for the asset

intersect, resulting in the price at which willing buyers and sellers are willing to


Private keys - a cryptographic key that is used in asymmetric encryption and

decryption processes, particularly in the context of secure communication and

digital signatures within cryptography. It is an integral component of various

cryptographic systems, including those used in blockchain technology and



6.5 | Glossary (continued)

Seed Phrase - consists of a specific number of words, typically ranging from 12

to 24 words, that are chosen from a predefined list of words. These words are

selected to be easily recognizable and distinct from each other. The order of the

words in the seed phrase is crucial, as it uniquely determines the private keys

associated with the wallet. When a user creates a new wallet, the wallet

software generates a set of private keys that are mathematically linked to the

seed phrase. These private keys are used to control access to the wallet's

cryptocurrency holdings and to sign transactions. Because private keys are

sensitive and must be kept secret, the seed phrase provides a convenient way

to back up and restore the keys if the wallet is lost, stolen, or damaged.

Importantly, the seed phrase should be stored in a secure and offline location,

such as a physical paper or metal backup, and kept away from prying eyes and

potential hackers. If a user loses access to their wallet, they can enter the seed

phrase into a compatible wallet software to regain control over their

cryptocurrency holdings and restore their wallet's functionality.

Self-Custody / Non-Custodial - in the crypto space refers to the practice of

individuals directly managing their own cryptocurrency assets and private keys,

without relying on centralized systems or third-party services. This approach

aligns with the original intent of cryptocurrencies, enabling users to have

complete control over their digital holdings, enhancing security, privacy, and

ownership. In contrast, centralized exchanges encourage users to entrust their

assets to the exchange's custody, which introduces counterparty risk and

potential loss of control. Self-custody empowers users to uphold the

decentralized nature of cryptocurrencies by independently safeguarding their

private keys and maintaining full authority over their funds.


6.5 | Glossary (continued)

Smart Contract - A smart contract is like a computer program that handles

agreements. It's designed to make sure things go smoothly without needing a

middleman. These digital deals are transparent and once they're set, they can't

be undone. It's like a reliable friend that sticks to the plan, no matter what.

Wallet Address - A wallet address is like a unique code made up of letters and

numbers. It's like your digital postbox where you can receive digital asset

payments. Anyone using digital assets can create these addresses for free. It's a

bit like having your own virtual mailbox where you can safely collect your

digital money.