Also: hot wallets
Hot wallet — a wallet whose private keys are stored on a device connected to the internet: a phone app (Tonkeeper), a browser extension, or a wallet inside Telegram. Perfect for everyday payments and dApp use.
The trade-off: if the device or its software is compromised, so are the funds. Keep day-to-day amounts hot; move long-term savings of Gram to a cold wallet.
The unique identifier of an account or contract on a blockchain.
Abstract Datagram Network Layer — TON's low-level peer-to-peer protocol.
Automated Market Maker — algorithmic pricing through a liquidity pool.
A sustained period of falling prices, usually 20%+ off the peak, with pessimistic sentiment.
A group of transactions finalized by validators and chained to the previous block.
Bag of Cells — the binary serialization format for structured data and smart contracts in TON.
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