Crypto Abecedarium
K
Key: In the context of cryptocurrencies, a key refers to a cryptographic key used for various purposes, such as securing transactions or controlling access to digital assets. Common types include public keys (used for receiving funds) and private keys (used for signing transactions and accessing funds).
KYC (Know Your Customer): KYC is a regulatory process in which financial institutions and cryptocurrency exchanges verify the identity of their customers. This is done to prevent illegal activities such as money laundering and fraud.
Key Logger: A keylogger, short for "keystroke logger," is a type of software or hardware device that records the keystrokes typed by a user on a computer or mobile device. The primary purpose of a keylogger is to monitor and log the keys pressed, which can include sensitive information such as passwords, usernames, credit card numbers, and other confidential data.