Bitcoin glossary: Top 70 – Every blockchain and cryptocurrency phrase you need to know.

61.TXN

Short for a transaction. 

62.Utility Token

A token that aims to provide a function of some kind. These can be access to an application, service, or game. Examples include Filecoin, which grants access to blockchain-based digital storage, and Link, which connects smart contracts of off-chain types of data. 

63.Vanity Address

A personalized wallet address is provided by companies like Ethereum Name Service. It allows you to change your wallet address into a word or phrase of your choice, like CNET.eth. 

64.Vaporware

A product that’s promised but never actually comes to market. The term gained popularity in the late ’90s with the original internet boom and has been revitalized thanks to shady cryptocurrency creators. 

65.Vitalik Buterin

The creator behind the Ethereum blockchain.

66.Wallet

Cryptocurrency wallets are where you can store your cryptocurrency and NFTs. These wallets can be hot or cold — that is, browser wallets connected to the internet or physical hardware unconnected to the internet. Wallets can both read and write, meaning they can receive information but also act as a signature or online ID.

67.Web 3

Web3 is the next iteration of the internet as imagined by blockchain enthusiasts. Web1 was read-only internet, from the internet’s invention until around 2005. Web2 refers to the advent of users being able to produce content and upload it onto the internet. Web3 would be an internet that is blockchain integrated. Imagine owning your social media posts as NFTs, using a cryptocurrency like ether as a universal currency, and having your wallet as a form of ID instead of an email/password combo. 

68.Whale

Someone with very large holdings of cryptocurrency. 

69.Whitelist 

A presale list for cryptocurrencies and NFTs. Whitelisted investors are able to buy the asset before the public launch, sometimes for a discounted price. 

70.WAGMI

Short for “we’re all going to make it.”

This article original appeared first on NEWS.