Web3
(noun): A decentralized internet built on blockchain technology that enables peer-to-peer interactions and the exchange of value.
Example: Web3 allows users to directly interact with decentralized applications (DApps) and securely manage their digital assets without relying on intermediaries.
Wallet
(noun): A digital application or device used to store, manage, and transact with cryptocurrencies and other digital assets.
Example: I transferred some Bitcoin to my hardware wallet for safekeeping.
Web3.js
(noun): A JavaScript library that provides a set of tools and functions for interacting with Web3 and blockchain networks.
Example: Developers use Web3.js to build decentralized applications (DApps) that can interact with the Ethereum blockchain.
Whitepaper
(noun): A detailed document that outlines the concept, technology, and potential implementation of a project, typically associated with cryptocurrencies or blockchain-based platforms.
Example: The team released a whitepaper explaining their innovative solution for decentralized identity verification.
Wrapped tokens
(noun): Tokens that represent other cryptocurrencies or assets on a different blockchain, enabling them to be used in decentralized applications (DApps) on that blockchain.
Example: Wrapped Bitcoin (WBTC) is an ERC-20 token that represents Bitcoin and can be used on the Ethereum blockchain.
Whale
(noun): A term commonly used in the cryptocurrency space to refer to individuals or entities that hold large amounts of a particular cryptocurrency.
Example: The whale’s massive sell-off caused a significant drop in the price of the token.
