| Term | Definition |
| AES | a symmetric block cipher algorithm (block size 128 bits, key size 128/192/256 bits) adopted as a standard for encryption by the US government. More details:AES |
| AML (Anti-Money Laundering) | a system of procedures and laws designed to prevent the legalization of income obtained through illegal means. |
| AMLBot | a platform or tool used for automated monitoring and analysis of transactions in the context of combating money laundering. |
| API(Application Programming Interface) | a description of the methods (a set of classes, procedures, functions, structures, or constants) by which one computer program can interact with another program. More details: API |
| Audit | the evaluation process in which an independent party (auditor) assesses various aspects of an organization or project. |
| Black Box | a secure software complex that accepts commands from a trusted Controller server. |
| Blockchain | a distributed ledger technology that ensures data transparency, security, and immutability. |
| Blockchain scanner | a tool used to track transactions on the blockchain. |
| Сryptocurrency custodian (or crypto custodian) | is an organization or institution that provides services for the storage and security of cryptocurrency and digital assets on behalf of its clients. |
| Controller server | a software component of a system based on HCL Notes, performing a series of operations. It only receives data necessary for creating a wallet or sending a fund transfer transaction to the network. |
| Cold wallets | physical devices designed to store private keys offline, not connected to the internet. This type of wallet is considered the most secure, as it is protected from hacking attacks and phishing attempts. |
| Crypto-castodial service | a service provided by Neo Custody Limited, involving the storage and management of cryptocurrency assets. |
| Decentralization | the distribution of control and authority from a central entity to a distributed network. |
| Digital assets | are a form of digital or electronic assets that utilize cryptographic methods to secure and verify transactions, as well as manage the creation of new units. |
| DMZ(Demilitarized Zone) | a network segment that separates public services from private ones. Its goal is to add a layer of security in a local network, minimizing damage in case of an attack on one of the public services. |
| Elliptic Curve Digital Signature Algorithm (ECDSA) | is a cryptographic algorithm used for creating digital signatures and authentication in the context of blockchain technology and cryptocurrencies. It is based on the mathematical properties of elliptic curves and provides security and efficiency in digital signatures. More detailsElliptic curve cryptography |
| Fraud Hunting Platform | a platform for real-time detection and prevention of fraud. |
| Group-IB | a company specializing in cybersecurity and cybercrime prevention. |
| HCL Domino Server | software from HCL Technologies, the server part of the software suite. More details:HCL Notes. |
| Hot wallets | digital wallets connected to the internet and always online for conducting transactions. They allow users to conveniently manage their cryptocurrency assets but may carry increased security risks associated with internet connectivity. |
| ISO/IEC 27001 | an international standard related to information security management. |
| KYC (Know Your Customer) | the process of identifying and verifying the identity of customers. |
| Mnemonic phrase | a randomly generated set of words used for securely storing and recovering access to cryptocurrency assets. |
| MPC Algorithm (Model Predictive Control Algorithm) | utilizes knowledge of the dynamic characteristics of a technological process. All interactions between process variables are calculated based on the continuous real-time solution of equations describing the system. |
| Multi-signature (multisig) | a technology for signing transactions with multiple private keys to increase the security and confidentiality in the transaction approval process. Multi-signature provides an additional level of confirmation and security for each transaction. More details:Multisignature |
| Multisignature wallet | a type of wallet that requires multiple signatures to execute a transaction |
| Neo Custody Limited | a private company that will be registered under the Acts of the Astana International Financial Center (AIFC). |
| Offchain system | refers to processes and operations that occur outside the main blockchain network in the context of blockchain technology. Unlike transactions that take place directly on the blockchain and are recorded on the blockchain itself, off-chain systems allow users to perform operations without directly interacting with the blockchain and recording each operation on it. |
| PKI (Public Key Infrastructure) | a set of tools (technical, material, human, etc.), distributed services, and components used together to support cryptographic tasks based on public and private keys. More details:PKI |
| Private key | allows for the electronic signing of a transaction, thereby confirming its authenticity |
| Public key | serves as the address to which cryptocurrencies are sent. This wallet is used for the encryption process – creating a transaction. |
| Transaction | a record on the blockchain representing the transfer of cryptocurrency or other digital assets. |
| Transaction fee | a fee paid for processing a transaction on the blockchain. |
| Transaction list | a list of all completed or scheduled transactions in a wallet. |
| Signatory | a person authorized to sign and authorize transactions on a multi-signature wallet. They are participants who must agree and sign a transaction before it is executed and added to the blockchain. Typically, multi-signature wallets require confirmation from a specific number of signatories to ensure security and prevent unauthorized operations. For example, if a wallet requires three signatories, a transaction needs to be signed by each of the three participants to be executed. |
| SumSub (Sum&Substance) | a technological service for KYC and AML. |
| Identity verification | checking provided information to confirm that a user is who they claim to be. |
| Wallet address | a unique string of characters used to identify the destination of sending or receiving crypto assets. |
| Warm wallets | a type of wallet that combines features of both hot and cold wallets. They can store private keys offline, providing a higher level of security compared to hot wallets. However, they can be connected to the internet for executing transactions or other operations when needed. |
