Use end-to-end encryption or publish public files to Arweave.
Plug Akord vaults into existing products and workflows.
Find, discover and follow Akord vaults with our Permaweb dApp.

Web3 glossary

Paper Hands

This term commonly expressed using these emojis 🧻🤲 refers to traders that are quick to sell their investment as soon as they sense any potential bad news. They have a low risk-tolerance and low confidence in the project they have invested in.

Peer-to-Peer (P2P)

P2P refers to a network of two or more computers which can interact directly with each other. In this, each peer in the network acts both as a server and client which enables them to communicate without the need of an intermediary.


The Permaweb is like the traditional web but without its fragility. It is censorship resistant, decentralized and immutable. This means that once something is uploaded to the Permaweb, be it valuable documents or an application, it will remain there forever, completely unchanged. No more 404 errors, content drift or link rot!


Permissionless is often used to refer to public blockchains where anyone can participate in the network. They do not need to rely on any central authority, gatekeepers or require permission to join.


PFP refers to NFTs being used as profile pictures. This is quite common on CT and Discord.

Private Key

A private key is a string of letters and numbers which acts as a password to access your digital wallet, authorize transactions and make withdrawals. It should be stored safely.

Proof of Stake (PoS)

In Proof of Stake, individuals “stake” their crypto by locking it up as collateral for a chance to validate transactions in order to earn block rewards. The more you stake, the better your chances of being selected. In comparison to PoW, PoS is more energy efficient and allows for faster and lower-cost transactions.

Proof of Work (PoW)

In Proof of Work (PoW), miners compete with each other in order to validate transactions and earn block rewards. Even though this is an energy-intensive process, it brings a higher level of trust and security as it is less susceptible to a 51% attack.


A cryptocurrency protocol refers to the set of rules that govern how different parts of a blockchain network interact and function.

Public Key

A public key essentially works as the address of your cryptocurrency wallet. Through your public key, crypto can be sent to your wallet. In order to access your wallet and make withdrawals, you will still need to use your private key.

Pump and Dump (P&D)

A pump and dump is an illegal trading strategy in which individuals or a group artificially inflate the price of an asset by hyping it up. Due to FOMO, unsuspecting investors buy in after which the manipulators sell their bags which causes the price to rapidly drop. This is quite common in both the crypto and NFT space.