Definition of Wallet Address

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

Gas Price

A term refers to the amount of price user is willing to pay for a transaction on Ethereum blockchain.

Market Maker

Participant of the market who creates buy and orders

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.

Off-chain

It refers to transactions occuring outside the blockchain and executed instantly.

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