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
Cryptocurrency
A form of digital currency that utilizes cryptographic protocols to record ownership and prevent counterfeiting
Block
In the context of blockchain, block refers to the collection of transactional data or information that are bundled together in a predetermined size.
Node
Within the blockchain network, the nodes are computers that connect to the network and have an updated copy of the blockchain
Block Reward
One of the mechanisms built into a blockchain to incentivize validators
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