Glossary

All #!?123 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

W

Wallet


In blockchain, a Wallet is a digital wallet that allows users to store and manage their cryptocurrency coins.


Weak Subjectivity


The necessity of a particular node to rely on the other nodes when defining the current state of the system. It is a prerequisite on PoS.


Webhook


A method/tool which provides applications with on-time information as it happens, i.e. immediately.


Wei


The smallest denomination of Ether, the digital coin on the Ethereum blockchain.


Weight


A measurement used to compare the size of different Bitcoin transactions to each other in proportion to the consensus-enforced maximum block size limit.


WETH


Stands for Wrapped Ether - allows users to trade Ether to ERC-20 tokens.


Whale


Entities that own a high number of digital currencies.


White Paper


In blockchain the term white paper refers to an informational document written with the purpose to persuade people to support a service, idea or product. White papers explain the purpose and technology of blockchain.


Whitelist


A list with permitted and trusted applications, users, devices, etc.


Witness


Represents the transaction signatures in SegWit.


Witness Script


The script that defines the requirements of the P2WSH output. Being located in the Witness field, this makes P2WSH inputs cheaper than P2SH inputs. Not to be confused with Script Witness.


Witness Field


Is comprised of all Script Witnesses.


Wrapped Ether


ERC-20 token – Shows Ether at 1:1 ratio and enables users to trade it with ETH.