Wallet
By CoinGecko | Updated on Mar 03, 2020
Analogous to an online bank account or a email client software. Cryptocurrency wallets is an interface that lets users store, send and receive cryptocurrencies. There are 3 popular categories of wallets, "Custodial" - where private key security (and by proxy, the cryptocurrencies themselves) is handled by a third party, "Hot" - wallets that is meant for frequent use, and "Cold" - wallets that is meant for secure and long term storage.
Related Terms
Gas Price
A term refers to the amount of price user is willing to pay for a transaction on Ethereum blockchain.
Ledger
A record of financial transactions that cannot be changed, only appended with new transactions.
Public Keys
The alphanumeric string which serves as a public receiving address in cryptocurrencies.
Fear, Uncertainty and Doubt (FUD)
A strategy to dissuade people from buying a particular cryptocurrency by spreading false information
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