Wallet Address
By CoinGecko | Updated on Aug 12, 2021
Wallet Addresses, also plainly refered as Addresses, is the string of alphanumeric where your cryptocurrencies are stored. An example of a wallet address on the Bitcoin Protocol is "3KJmVaMzKRxKbKTMQmfnKzecpsExs8tbkk" (CoinGecko's Bitcoin Donation address). Where the beginning "3" signifies that the addresses uses P2SH encoding, which is cheaper that sending to "1" addresses whilst still support "bc" addresses.
Related Terms
Emission
The speed/rate at which new coins are minted and released as dictated by the protocols written.
Hot Wallet
It is a tool that store your cryptocurrencies and always connected to internet
Centralized
An organization structure wherein a small handful of actors have control over the entire network.
Public Keys
The alphanumeric string which serves as a public receiving address in cryptocurrencies.
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