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
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Entirely verifiable, without needing to trust or assume an action is done completely and in good faith.
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Distributed Ledger Technology (DLT)
Describes the technology that enables distributed ledger.
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