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
Mnemonics
Mnemonics are memory aids with a system such as letters or associations that help in recall. *see Mnemonic Phrase.
Externally Owned Accounts (EOA)
Externally owned accounts (EOAs) are accounts that are controlled by a private key and have no coding associated with them.
ERC-721
ERC-721 is one of the most widely used token standards in Ethereum to create non-fungible, exchangeable tokens.
Staking
The state of locking-in significant amount of token to participate as a validator of a Proof-of-Stake network.
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