Cold Wallet
By CoinGecko | Updated on Mar 03, 2020
Wallets that are stored offline and can only be connected to the internet through physical effort (eg. plugging in the USB, turning on a hardware wallet). This provides an extra layer of security compared to wallets that are stored on devices connected to the internet (eg. phone wallet).
Related Terms
Daily Active Addresses (DAA)
On a blockchain, users interact with one another through their addresses, and daily active addresses (DAA) refers to the number of addresses which fulfills the defined activity parameter on a given blockchain.
Segregated Witness (SegWit)
A soft fork implementation to change the Bitcoin Protocol's transaction format to address Bitcoin's scalability issues whilst introducing new features.
Wallet
Software client that handles storage of cryptocurrencies and allows users to send cryptocurrencies.
Explain Like I'm Five (ELI5)
To explain in such simple terms that even a five-year-old would be able to understand it.
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