malicious software (malware)</strong></a> that can spy on and record the activities of an infected electronic device. Spywares track all activities of the victim to collect sensitive data and forward it to the attacker. The stolen data can be used for various malicious purposes, like identity theft.</p>\n<p>There are four main types of spyware:</p>\n<ul>\n<li>Adware;</li>\n<li>System monitors;</li>\n<li>Trackers;</li>\n<li><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-trojan/">Trojans./n/n

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lower the network load. Instead, part of the transactions are moved off-chain and can be signed by the participants to record them on-chain after all procedures are executed.</p>\n<p>State channels are similar to the notion of payment channels in <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-lightning-network/">Bitcoin&rsquo;s Lightning Network</strong></a>, except, instead of simply facilitating payments, they also permit general state updates.</p>","level":"easy","meta_title":"What is State Channel? Definition & Meaning | Crypto Wiki","meta_description":"State Channel meaning: State Channel - a second-layer scaling solution used to distribute on-chain and off-chain transactions to reduce network load.","meta_keywords":null,"language":"en","created_at":"2022-03-31T05:53:37.000000Z","updated_at":"2023-02-24T14:02:14.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-state-channel"},"prevSection":{"id":747,"original_id":null,"author_id":41,"translator_id":null,"title":"What is Spot?","slug":"what-is-spot","section":"S","keyword":"Spot","status":"published","definition":"the transaction involving selling or buying cryptocurrency for its current rate.","content":"<p>A <strong>spot</strong> is a transaction where parties buy or sell <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrency for its immediate price. <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-spot-trading/">Spot trading</strong></a> can also involve other assets, like stocks, bonds, or forex. It can occur on both <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-centralized-exchange-cex/">centralized (CEX)</strong></strong></a> and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decentralized-exchange-dex/">decentralized cryptocurrency exchange (DEX)</strong></a> platforms.</p>\n<p>The physical delivery of the cash, commodity, or instrument is included in most <strong>spot contracts</strong>. The difference in price between a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-are-futures/">future contract</strong></a> and a spot contract takes into account the time value of the payment, which is dependent on <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-are-interest-rates/">interest rates</strong></a> and the time to maturity. Besides, the <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/T+2/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>T+2 settlement date</strong></a> is used for most spot market transactions.</p>","level":"easy","meta_title":"What is Spot? Definition & Meaning | Crypto Wiki","meta_description":"Spot meaning: Spot - the transaction involving selling or buying cryptocurrency for its current rate.","meta_keywords":null,"language":"en","created_at":"2022-03-31T05:45:40.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-spot"},"currentChapter":"S","currentSection":"what-is-spyware","chapterTitle":"S","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-spyware","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">

Crypto Terms: Letter S

What is Spyware?

Spyware MEANING:
Spyware - malware used to spy on infected electronic devices.
Easy
1 minute

Let's find out Spyware meaning, definition in crypto, what is Spyware, and all other detailed facts.

Spyware is a type of malicious software (malware) that can spy on and record the activities of an infected electronic device. Spywares track all activities of the victim to collect sensitive data and forward it to the attacker. The stolen data can be used for various malicious purposes, like identity theft.

There are four main types of spyware:

  • Adware;
  • System monitors;
  • Trackers;
  • Trojans.

Depending on the type of spyware, victims may accidentally be infected by different methods, such as malicious ads, suspicious emails, and phishing websites. Untrustworthy files may also contain spyware or other viruses that can corrupt or compromise the computer system.

Malicious parties use spyware to target users on various crypto networks to acquire their private keys and gain access to digital assets. Crypto transactions cannot be reversed, making cryptocurrencies a favorable target for hackers.