Glossary - Bitcoin Control Center

Term	Meaning
Account	Anything Control Center tracks: a wallet, an exchange, or a manual holding. See How accounts work.
Archive	Stop tracking a wallet but keep its history. You can restore it later.
Claim	Another word for a wallet account. You’ll see it on some screens, such as Claim Verified!
Confirmed	A transaction included in a Bitcoin block. Control Center counts only confirmed transactions.
Derivation path	The route a wallet uses to create keys from your seed, such as `m/84'/0'/0'`. You rarely need it.
Descriptor	A line of text that fully describes a wallet’s public keys and address type, such as `wpkh([…]xpub…)`. Preferred over a bare xpub.
Electrum server	A server that answers “what is the balance of these addresses?” Control Center reads wallet balances from one. Examples: Electrs, Fulcrum.
Hoseki Verified	The badge on statements. Each wallet on the statement passed proof of control in Control Center.
Mempool	An app that shows Bitcoin network data and prices. Control Center uses it for prices and statement lookups. mempool.space is the public version.
Multisig	A wallet that needs signatures from several keys, such as 2 of 3, to spend.
Pending	A wallet that’s tracked but not yet verified.
Proof of control	Signing a message with your wallet to show you hold its keys. It doesn’t move funds. See Verify ownership.
Quorum	How many keys a multisig wallet needs. In a 2-of-3 wallet, the quorum is 2.
Script type	The kind of address a wallet uses. Legacy (`1…`), Nested SegWit (`3…`), Native SegWit (`bc1q…`), or Taproot (`bc1p…`).
Seed phrase	The 12 or 24 words that back up your wallet. Never type it into Control Center or any website.
Tor	A network that hides your IP address. The desktop app can reach your Electrum server through Tor.
Verified	A wallet you’ve proven control of. It can go on a statement.
Watch-only	Can see balances but can’t spend. Control Center is watch-only.
xpub	An extended public key. It lets Control Center find all your wallet’s addresses without being able to spend. `ypub` and `zpub` are versions that also hint at the address type.