Glossary
The terms explained, no fluff.
You don't need to understand blockchain to protect yourself. Here are the words that come up most when the topic is receiving, comparing or verifying a crypto payment.
- Address
- A sequence of letters and numbers that uniquely identifies a wallet on the blockchain, like a bank account number.
- Example:
TQn9Y2...GjLj6t
- Transaction hash
- The unique code generated when a payment is recorded on the blockchain. It's the "receipt" for that specific payment.
- Receipt link
- The address of a page like Tronscan, Etherscan or Solscan that publicly shows the details of a transaction: who sent it, who received it, how much, and when.
- Blockchain (network)
- The "system" where the payment actually happens: Bitcoin, Ethereum, Tron, Solana, Polygon, Arbitrum, Base, Optimism, among others. Each network has its own rules.
- Wallet
- The app or service where someone stores and controls their cryptocurrencies, associated with one or more addresses.
- Token / cryptocurrency
- The type of "digital money" being sent: USDT, USDC, BRLA, Bitcoin. Each token has an official contract or record that identifies it on the network.
- Fake token (clone)
- A copy of a well-known token, created by scammers with the same name and symbol as the original, but with no real value behind it. It's like receiving a counterfeit bill that looks identical to the real one.
- CEX (Centralized Exchange)
- Platforms operated by companies (such as Binance, Coinbase or Kraken) where users buy and sell under custodial accounts with login credentials.
- DEX (Decentralized Exchange)
- Autonomous markets operating directly on the blockchain (such as Uniswap or PancakeSwap). Trades happen wallet-to-wallet via smart contracts without user registration.
- Stablecoin
- A cryptocurrency pegged to a fiat currency, primarily the US Dollar (USDT, USDC, USDS) or Brazilian Real (BRLA, BRZ). It is the predominant medium for commercial crypto payments.
- Smart Contract
- Autonomous on-chain code that governs a token's rules and supply. Its unique contract address is the definitive proof of whether a token is authentic or cloned.
- Honeypot & Rug Pull
- Common token scams: honeypots permit buying but block selling; rug pulls abruptly drain all liquidity from the pool, collapsing the token's value to zero.
- Asset Disambiguation
- Inception's verification engine that inspects a typed ticker (e.g., BRLA or USDT) and separates the official audited asset from hundreds of counterfeit clones carrying the identical name.
- Payment Comparison (/compare)
- Inception's tool that analyzes two transaction receipts or payment intents side-by-side, flagging discrepancies in amounts, counterfeit tokens, or conflicting blockchains.
- Sanctions and blocklist
- Records maintained by authorities (OFAC) and stablecoin issuers (Tether, Circle) that flag addresses associated with fraud, money laundering or other illicit activity.