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
Validator
A block-signing participant of a Proof of Stake blockchain network, whom have significant tokens staked on the network.
Trustless
Entirely verifiable, without needing to trust or assume an action is done completely and in good faith.
Trading Volume
The amount of the cryptocurrency that has been traded in the last 24 hours.
Market Taker
Participant of the market who buys and sells from currently existing orders
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