Glossary
Vapourware
"Vapourware" is when a heavily advertised or promised product never materializes.
Volatility
"Volatility" is a measure of how quickly the price of an asset changes.
Wallet
A software program that stores public and private keys, allowing the user to interact and perform transactions on blockchain.
Vladimir Club
"Vladimir Club" refers to someone who holds 0.01% of the maximum supply of a cryptocurrency.
WAGMI
"WAGMMI" Abbreviation for “We’re All Going To Make it,” i.e. “All my friends bought Ethereum in 2017 and we held. WAGMI!”
Wallet Address
"Wallet Address" is similar to an email address, a wallet address acts as a destination for crypto to be sent to or received.
Weak Subjectivity
Concept created by Vitalik Buterin to refer to a requirement of PoS blockchains where certain nodes have to rely on other ones when determining the state of the blockchain.
Web 1
"Web 1" was the first version of the web consists of read-only pages connected via hyperlinks.
Web 2
"Web 2" is the version of the web where participants can create content for an audience. Web2 is what we are currently on now.
Web 3
"Web 3" is the version of the web built on the ideas of decentralization, openness, and privacy.
Wei
The smallest denomination of ETH. One ETH is equal to 1018 wei.
Whale
"Whale" is a cryptocurrency investor with enough resources to move the market price significantly with large buy or sell orders.
Whiskers
"Whiskers" also known as "Wick" or "Shadow" which refers to the vertical lines extend from the candle charts that show the highest and lowest points of a trading pair.
Whitelist
A spam filtering mechanism where only users registered to the list will be granted communications or access.
White Paper
"White Paper" also known as the "Crypto White Paper" or the "White Paper Database"
Whitepaper is a document released by developers that explains the technology and purpose of the project they are working on. It tells prospective investors how the cryptocurrency was conceived and highlights its purpose.
A crypto whitepaper contains various forms of data like statistics, diagrams, and formulas. The goal of this data is to convince prospective investors to invest in that cryptocurrency. For any crypto start-up, releasing a whitepaper is a way to be considered professional and legitimate. It helps investors understand how the project is different from other projects in the crypto space.
Wrapped Token
"Wrapped Tokens" represent the original token at a 1:1 ratio and allow users to trade from the main chain to ERC-20 tokens.
Zero Knowledge Proof
"Zero Knowledge Proof" is a method of verifying transaction without revealing any information about them.