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 Limit

A term refers to the maximum amount of units of gas user's willingness to spend on a transaction on Ethereum blockchain.

Token

Blockchain based unit of value issued by an organization, which grants token holders a right to participate in a network.

Buy/Sell Tax

On-chain buy or sell tax rate where a percentage of the tokens bought/sold will be transferred to a set address.

Mnemonics

Mnemonics are memory aids with a system such as letters or associations that help in recall. *see Mnemonic Phrase.

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Glossary

Wallet Address

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