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
Swap (DEX)
A swap on a decentralized exchange (DEX) is the direct exchange of one digital asset for another within a liquidity pool, facilitated by automated market maker (AMM) smart contracts without intermediaries.
Grayscale
One of the world's largest digital asset investment platforms, offering regulated products for digital assets exposure including trusts and ETFs of Bitcoin and Ethereum.
Consensus Algorithm
A consensus algorithm is a mechanism used by a blockchain network to achieve agreement among nodes on the validity and order of transactions in a decentralized system.
Dispersed Information (Prediction Market)
Knowledge scattered across individuals that prediction markets aggregate into a cohesive forecast.
Circle
The company behind USDC, focused on building transparent and compliant digital asset solutions.
ETH ETF
An exchange-traded fund providing investors with exposure to the price of Ether, Ethereum's native digital asset, without direct ownership.