Escrow
A third-party service or smart contract that holds funds until certain conditions are met, then releases them to the appropriate party. In crypto, smart-contract escrow removes the need to trust a human intermediary.
Mike Starr
Founder, CryptoWizardTools · M.S. Organizational Management
Last reviewed: August 2026
Related Terms
Spread
The difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller will accept (ask) for a cryptocurrency. A narrow spread indicates high liquidity; a wide spread suggests lower liquidity or higher risk.
DEX
Decentralized Exchange. A cryptocurrency exchange that operates without a central authority, allowing peer-to-peer trading directly from user wallets.
Bridge
A protocol that allows the transfer of assets or data between different blockchain networks, enabling cross-chain interoperability.
Hot Wallet
A cryptocurrency wallet connected to the internet, offering convenience for frequent transactions but with higher security risks compared to cold wallets.
Governance Token
A token that grants holders voting rights in the governance of a decentralized protocol, allowing them to propose or vote on changes.