Web3 Wallet
By Cryptomcmillan1 | Updated on May 24, 2020
Web3 Wallet is the software that allows you to interact with web 3.0. Web 3.0 are the third generation of internet where the interaction between the user and the internet is different than with Web 2.0. Web 3.0 applications are mostly refered to decentralized applications (dApps) and often powered by the blockchain, a peer-to-peer network such as Ethereum or InterPlanetary File System (IPFS). One of the instances of Web3 Wallet is Metamask that can connect to most dApps.
Related Terms
Leverage
It is an investment strategy to gain potential return of the investment by borrowing the money
Smart contracts
Self executing contracts on the blockchain without needing human executors or notary.
State Channel
Secondary payment channel occuring off-chain
51% Attack
An attack on blockchain by a group of miners controlling more than 50% of network hash rate
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