Web3 Wallet
By Cryptomcmillan1 | Updated on May 24, 2020
Web3 Wallet is the software that allows you to interact with web 3.0. Web 3.0 are the third generation of internet where the interaction between the user and the internet is different than with Web 2.0. Web 3.0 applications are mostly refered to decentralized applications (dApps) and often powered by the blockchain, a peer-to-peer network such as Ethereum or InterPlanetary File System (IPFS). One of the instances of Web3 Wallet is Metamask that can connect to most dApps.
Related Terms
Pump and Dump Scheme
A market manipulation method to drive up the price of an asset before profiting by driving it back down.
Token Generation Event (TGE)
An event in which new tokens (ussually on a smart contract platform) are created and distributed to the public.
Unspent Transaction Output
(abbv. "UTXO") Coins that are unspent in the wallet. UTXO virtually represents the cryptocurrency one own in the wallet.
Mnemonics
Mnemonics are memory aids with a system such as letters or associations that help in recall. *see Mnemonic Phrase.
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