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
Central Bank Digital Currency (CBDC)
It is a digital fiat currency issued by the central banks, contrary to cryptocurrency that issued by non-legislative party.
Algorithmic Stablecoin
Algorithmic stablecoins are tokens pegged to a fiat currency which is usually the US dollar, purely through software and specific conditions.
Hot Wallet
It is a tool that store your cryptocurrencies and always connected to internet
Wei
The smallest fraction of an Ether, with each Ether to 1000000000000000000 Wei.
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