Reference

Glossary

Every term on Bifrost, in one or two honest sentences. If a word ever appears on the site and is not here, that is our mistake — tell us and we will add it.

20 terms·No homework

Wallet: Your key to the ledger — an account only you control, secured by your device's fingerprint or face. Your pieces and money are recorded on Base; the wallet is what proves they are yours.
Passkey: A sign-in that uses your fingerprint, face or device lock instead of a password. Nothing to remember, and nothing a scammer can talk out of you.
Base: The public ledger Bifrost records certificates on. Maintained by thousands of computers, readable by anyone, owned by no one.
USDC: A digital dollar. One USDC is designed to always be worth one US dollar, backed by real dollars and short-term government bonds held by a regulated issuer.
Gas: The small processing fee a ledger charges to record a transaction. On Bifrost, checkout covers it for you — you will never be asked for it separately.
On-chain: Recorded on the public ledger itself, where it cannot be quietly edited or deleted — as opposed to sitting in one company's private database.
Certificate: The permanent on-chain record of one physical coin: which coin, which edition, who owns it, and every hand it has passed through.
Mint: The act of writing a coin's certificate onto the ledger for the first time. Also, by happy coincidence, the kind of house that strikes the physical coin.
Drop: A scheduled first sale of a new set, at a fixed price, direct from the issuing house. Once a drop sells out, the pieces trade on the open market.
Edition: One coin's number within its limited run. Edition 17 of 200 is a specific, individual coin — not a share of one.
Floor price: The lowest price any piece of a design is currently listed for. A quick, honest anchor for what getting in costs today.
Provenance: The unbroken ownership history of a coin. On Bifrost it is public, permanent, and only ever grows.
Royalty: The creator royalty — 2.5% by default, set per series and embedded in the series' smart contract — paid automatically to the house that created the series on every resale. It is the reason creators stay engaged with their coins long after the first sellout.
Vault fee: Bifrost's 2.5%, taken on every trade — primary drops and resales alike — for secure vault custody, insurance and the permanent record. Buyers never pay it; on a resale it comes out of the seller's side, who nets 95%.
Custody: Where the physical coin is right now: in the vault, in transit, or in its owner's hands. The certificate records which, at all times.
Vault: The insured, audited facility where coins physically live. Vaulted coins can change owners in seconds, because the metal never has to move.
Redemption: Asking for your vaulted coin to be shipped to you. It arrives insured and sealed; the certificate simply notes that it is now in hand.
Settlement: What happens after you sign: Bifrost relays your signed payment and runs every leg of the trade for you — seller proceeds, creator royalty, vault fee, certificate transfer — re-verifying each step on-chain as it goes.
Self-custody: You hold your own certificates and money in your own wallet — they never sit in a Bifrost balance between trades. The vault stores metal; you keep everything else.
Transaction hash: The unique fingerprint of one event on the ledger — a receipt anyone can look up, forever, without asking permission.

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