As a non-technical person in this space, the last 72 hours have brought me to learn many new words & acronyms (I didn’t know 60% on this list):
Entropy = randomness. How unpredictable something is. High entropy → impossible to guess. Your seed words are only safe if they were born from high entropy.
RNG = Random Number Generator. The thing that creates that randomness.
TRNG = True Random Number Generator. A chip that pulls randomness from physics. Truly unguessable.
CRNG/CSPRNG = Cryptographically Secure Random Number Generator. Randomness strong enough to keep secrets. Even watching its output, you can't predict the next number. Only as good as the true entropy fed into it.
HWW = Hardware wallet. The little device that keeps your keys offline.
FOSS = Free and Open Source Software. Code anyone can read and check. Open source means it can be checked. Don’t trust. Verify.
Libngu = Library Number Go Up. Pre-built code developers reuse instead of rebuilding from scratch. (libngu is the library where this bug lived.)
Commit = a saved code change with a note explaining what changed and why. It's how researchers traced the ColdCard flaw back to March 2021.
UTXO = Unspent Transaction Output.
Faraday cage = electromagnetic shielding. Hww will have zero wireless communication while stored.
Seed = your 12/24 words. The master key.
Ephemeral seed = temporary; a seed that lives only in a device’s memory while you’re using it, and vanishes completely when the device powers off.
Passphrase = an extra word only you know, on top of your seed.
Single sig = Single signature.
Multisig = Multi signature. Your Bitcoin needs 2-of-3 keys to move.
SHA 256 = Secure Hash Algorithm, 256-bit. The math that secures Bitcoin.
Xpub = extended public key. Entire wallet history.
BIP = Bitcoin Improvement Proposal.
Derivation path = the address’ coordinates in your wallet’s family tree. Restore your seed & see zero? Almost always the wrong path, not lost coins. Don’t panic, don’t re-type your seed anywhere, check the path.
Bricking = when a device becomes permanently non-functional. “As useful as a brick.” It’s the hardware version of death.
Dusting = an attacker sends tiny, nearly worthless amounts of bitcoin to thousands of addresses. It’s a tracking device.
👇🏽Feel free to scrutinize, update, add, and make better. Ck me, but don’t wreck me. Stay curious, friends. ✊🏼