Ethereum Wallet
A software or hardware tool that manages Ethereum accounts, enabling users to store, send, and receive ETH or tokens.
What is Ethereum Wallet?
An Ethereum wallet is a tool that allows users to interact with the Ethereum blockchain by managing their externally owned accounts (EOAs) and private keys. It enables users to store, send, and receive Ether (ETH) or other tokens, as well as interact with decentralized applications (dApps) and smart contracts. Wallets come in various forms, including software wallets (e.g., MetaMask, OKX Web3 Wallet) and hardware wallets (e.g., Ledger, Trezor) for enhanced security. They do not store assets directly but provide access to funds and assets recorded on the blockchain.
Related Terms
Prediction Market
A market where participants trade digital assets to forecast the outcome of future events, with prices reflecting aggregated probabilities.
Incentive Mechanism (Prediction Market)
A system of rewards, typically financial, designed to encourage truthful participation in prediction markets.
Impermanent Loss Amplification
The heightened risk of value loss for liquidity providers when using concentrated positions, exacerbated by price movements outside specified ranges.
Initial Margin
The upfront collateral required to open a leveraged position.
Bayesian Truth Serum
A mechanism that elicits truthful subjective opinions by rewarding predictions that align with unexpectedly common beliefs.
Block Explorer
An online tool or interface that enables users to search and view detailed information about a blockchain, including transactions, addresses, and network activity.