Words starting with P
Pick up a word, see how people use it and follow the next connection.
Paper hands
A teasing or critical label for someone who sells quickly when the market gets shaky.
Passphrase
An additional secret that some wallet recovery schemes combine with recovery words to derive a wallet.
Paymaster
An ERC-4337 contract that can pay gas costs for eligible smart-account operations.
Payment channel
A channel that updates payment balances without requiring an onchain transaction for every payment.
Peer-to-peer
A network design where participants exchange information directly with other participants.
Peg
A target price relationship between an asset and a reference asset or value.
Permit
A signed authorization that lets someone submit an ERC-20 allowance change on the token owner's behalf.
Perpetual futures
Derivative contracts designed for ongoing price exposure without the ordinary expiration of dated futures.
Phishing
Deception that impersonates a trusted person or service to obtain secrets or harmful authorizations.
Preimage resistance
The difficulty of finding an input that produces a specified cryptographic hash output.
Price feed
A source of asset-price updates that applications can read, often through an onchain oracle record.
Price impact
The change in a trade’s effective price caused by that trade using available liquidity.
Priority fee
The part of an Ethereum transaction’s gas price paid to the block proposer above the base fee.
Private key
Secret key material used to create signatures or perform other private-key operations in a public-key system.
Proof of stake
A consensus approach that uses committed assets to help select validators and hold them accountable.
Proof of work
A mechanism that requires computational work to qualify a candidate block for acceptance.
Proxy contract
A contract that forwards calls to implementation code while retaining its own address and storage.
PSBT
Partially Signed Bitcoin Transaction: a format for passing transaction data between wallets and signing devices.
Public key
The shareable part of a public-key pair, used to verify signatures or perform certain encryption operations.
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Concept entries explain ideas. Our separate asset registry identifies coins, tokens and networks by source metadata. Sources & standards