Wallet: A digital place to store your cryptocurrencies securely. In the context of PalWallet, it refers to both the software that manages your cryptocurrencies and the digital credentials for your cryptocurrency holdings.

Private Key: A secret number that allows users to access and manage their cryptocurrency. It must be kept secure to prevent unauthorized access to the user's funds.

Public Address (or Wallet Address): The address used to receive funds. It can be shared publicly without compromising security.

Secret Phrase (Recovery Phrase): A series of words generated by your wallet that gives you access to the cryptocurrencies associated with that wallet. It's crucial for recovering your wallet if your device is lost or damaged.

On-Chain Encryption: Encryption technology that secures your wallet data directly on the blockchain, enhancing security by encrypting data individually before it's recorded.

Merchant Wallet: A type of wallet used by businesses to receive payments in cryptocurrency. It may have features tailored for commercial transactions.

QR Code: A quick response code that, when scanned, provides information or a specific action, such as adding a wallet or making a payment.

DEX (Decentralized Exchange): An exchange that operates without a central authority, allowing users to trade cryptocurrencies directly with one another.

KYC/AMLVerification: Know Your Customer and Anti-Money Laundering regulations require users to prove their identity to prevent financial crimes. This process involves submitting personal information and documents.

Transaction Fee: A fee paid to blockchain miners for processing a cryptocurrency transaction. It can vary based on network congestion and transaction size.

Gas Fee: Specific to the Ethereum network, this fee compensates for the computing energy required to process and validate transactions on the blockchain.

Staking: The process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. Users lock up coins as collateral and receive rewards.

Yield Farming: An investment strategy in DeFi (Decentralized Finance) where users lend or stake their crypto assets in a smart contract-based liquidity pool to earn returns.

PalPayments: A Payment platform of PalWallet designed for merchants to facilitate non-custodial payments, allowing them to receive cryptocurrency payments from customers.

2FA(Two-Factor Authentication): An additional layer of security used to ensure the security of online accounts beyond just a username and password.

Blockchain: A distributed database or ledger that is shared among the nodes of a computer network. It stores information electronically in a digital format and is known for its secure design, decentralization, and resistance to data modification.