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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.

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Related Terms

Bounty
Public tasks available for anyone for a reward
Seed
A value used to initiate generation of pseudorandom number, ususally a string of 12 commen English words.
Non-custodial
It is a decentralized type-of-wallet, where the users owns its private keys.
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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