Hot Wallet
By CoinGecko | Updated on Mar 03, 2020
It is a tool that store your cryptocurrencies and always connected to internet. The stored coins can be instantly exchanged with other members of the network or used to trade.
Related Terms
Derivatives
A financial instrument which derives its value from the performance of an underlying asset or index (eg. gold, crude oil)
Delegated Proof-of-Stake (dPOS)
A consensus mechanism where selected members of a network are voted as delegates to validate transactions and produce blocks on a blockchain.
Cryptocurrency Act of 2020
The Cryptocurrency Act of 2020 is a bill which aims to clarify which federal agencies would regulate which type of crypto assets.
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
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