Decryptopedia™

Terms that start with “W”

1. Wallet

   Made up of a unique public address called your public key (similar to your bank account number) that you can share with the world, your friends, family, and other businesses and companies that you trust, to send and receive digital assets. A wallet also stores a private key (much like the PIN that you use to access your bank account at the ATM), which, when combined with the public key, confirms ownership of the wallet, and allows you as the wallet owner to view the digital record of your wallet transactions, and allows you to perform actions such as buying, selling, withdrawing, and swapping funds.

2. Wallet Address

   A unique string of letters and numbers that represents a wallet, exchange, or blockchain address. This identifier (unique from every other address on the planet) serves as the virtual street address for the specific currency on that currency’s blockchain.

3. We’re All Gonna Make It (WAGMI)

   Slang for “We’re all gonna make it”. It’s a rallying cry, seen on social media platforms like Twitter, for building hope and confidence in the crypto markets, especially when good news comes out.

4. Web 3.0

   Web 3.0 is described as a phase of evolution that includes more user interaction, data sharing and ownership, decentralized connectivity, and blockchain technology at its core. Machine learning and artificial intelligence will play a larger part in the apps and services that we’re already using.  Everything that can be connected to the Internet will be connected to the Internet, and there will be a huge focus on decentralization, enhanced connectivity, and more user control over personal data ownership. Centralized authorities, like governments and gigantic, multinational companies will take a backseat to self-governing and self-ownership of various parts of this new Web 3.0 world, and the individual will take a larger role in operating on a blockchain network, while also making decisions about the blockchain’s future evolution

5. Weekly (1W)

   The Weekly or 1W represents data from the past 7 days plotted as a single data point. In crypto trading, and charting specifically, the weekly time frame is commonly used by traders to review a digital asset’s price movements plotted in 1-week intervals, which provides a better perspective of the overall trend in the market. Each bar, candle, or column represents price action from a single week.

6. Whale

   A currency trader or large investor with sizeable holdings of a particular cryptocurrency, who often also has a significant amount of capital invested in the cryptocurrency market as a whole and elsewhere. Whales can be individuals, single businesses, cryptocurrency exchanges, or even institutions.

7. Whitelist

   A Whitelist is a list of wallet addresses that you trust. Trusting an address means you’re familiar with it. Specific to currency exchanges and security best practices, most exchanges allow you to specify a whitelist of IP addresses that are able to interact with your account. This interaction could take the form of withdrawals, account logins, API access, placing trades, and many other account security mechanisms.

8. Whitepaper

   A technical document or report that explains how a cryptocurrency works. It provides a vision of the roadmap the developers will take, proving details about the purpose of the asset, what it does, what it solves, and how the team will go about accomplishing this.

9. Winklevoss Twins

   The Winklevoss Twins, Cameron and Tyler, are American investors and entrepreneurs, that founded the Gemini cryptocurrency exchange in 2014, which now offers the Gemini dollar, a 1:1 US-backed stablecoin.

10. Wrapped Token

    A cryptocurrency whose value has been pegged to the value of another token 1:1. The tokens are identical, with the only distinction being that they exist on different blockchains. The wrapped token becomes a sort of bridge between the two chains.