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
Proof of Stake (PoS)
A consensus algorthm that assigns block validation queue based on the coins/token locked in by the validator.
Distributed Ledger
Ledgers whose data is stored and synced across a network of nodes.
Block
In the context of blockchain, block refers to the collection of transactional data or information that are bundled together in a predetermined size.
Sell wall
Anomalously large sell order(s) at a single price point that reflects as a "wall" in the order book.
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