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
Mining
It is the process of the miners verify and adding transaction recors into a block.
Market Order / Market Buy / Market Sell
A market order is a buy or sell order of stocks or cryptocurrency at the best price available in the current market as soon as possible.
Masternodes
Computers that are responsible for processing blockchain transactions and receive a reward when a block is mined.
Lightning Network
It is the "second layer" or an off-chain of payment protocol that operates on top of a blockchain. Payments on this network do not need block confirmation and it will be instant.
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