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Wallet address

By CoinGecko | Updated on Mar 03, 2020
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.

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Related Terms

Side Chain
A separate blockchain ledger that runs parallel with the primary blockchain.
Web3 Wallet
Web3 Wallet is the software that allows you to interact with web 3.0.
Altcoin
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A machine from which you can buy or sell Bitcoin. Typically also offers different types of cryptocurrencies.
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