Cold Wallet
By CoinGecko | Updated on Mar 03, 2020
Wallets that are stored offline and can only be connected to the internet through physical effort (eg. plugging in the USB, turning on a hardware wallet). This provides an extra layer of security compared to wallets that are stored on devices connected to the internet (eg. phone wallet).
Related Terms
Block Confirmation
Refers to the number of confirmation a particular block has. Each block ahead of the referenced block adds one block confirmation to it.
State Channel
Secondary payment channel occuring off-chain
Burned Tokens
Tokens which have been sent to addresses whose private key are not known, effectively becoming unusable.
ROI
Short for “Return on Investment”, the ratio between the net profit and cost of investing.
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