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
Shitcoin
A coin with no obvious potential value or usage.
51% Attack
An attack on blockchain by a group of miners controlling more than 50% of network hash rate
Rug Pull
Sudden removal of liquidity which typically leads to asset prices crashing from the lack of liquidity to absorb buy/sells.
Bull Market
A bull market indicates the direction of the market going in an upward trend.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.