Vault

In the context of cryptocurrency, a 'Vault' refers to a secure storage solution for digital assets. It is designed to protect crypto holdings from theft and cyber attacks by employing advanced encryption, multi-signature requirements, and strict access controls. Vaults can be centralized, where a service provider manages the assets, or decentralized, allowing users to maintain full control over their private keys. Typically, vaults are utilized by investors and institutions looking to safeguard significant amounts of cryptocurrency.