Glossary-W

W

WAGMI

Acronym - We're All Gonna Make It

Wallet

In the context of web3, an application or device used to store and manage cryptographic keys and the digital assets they control.

See also: #Brain Wallet, #Cold Wallet, #Custodial Wallet, #Hardware Wallet, #HD Wallet, #Hot Wallet, #Multi-Sig Wallet, #Smart Contract Wallet, #Wallet Address

Wallet Address

A unique identifier that may be shared publicly to facilitate the exchange of cryptocurrencies, tokens, and other digital assets.

See also: #Public Address, #Public Key, #Wallet

Web1

The first iteration of the internet, characterized by static websites that only displayed information with little or no opportunity for users to interact or generate content.

The "read-only" web.

See also: #Web2, #Web3

Web2

The second generation of the internet, characterized by an emphasis on user interaction and collaboration.

See also: #Web1, #Web3

Web3

The current evolution of the internet, characterized by an emphasis on decentralization and user ownership and control over their data and digital identities.

See also: #Web1, #Web2, #Web3 Domains

Web3 Domain

A domain name registered and managed on a blockchain network.

See also: #Web3

Wei

The smallest denomination of Ether, 0.000000000000000001 ETH (1/1,000,000,000,000,000,000).

Named after cypherpunk and cryptocurrency pioneer, Wei Dai.

See also: #Ethereum, #Gas, #Gwei

Wen

Slang

Intentional misspelling of "when."

WETH

Ticker Symbol - Wrapped ETH

See also: #Wrapped Ether, #Wrapped Token

Whale

Slang

An individual that holds a significant amount of cryptocurrency or NFTs.

Whitelist

Deprecated. See #Allowlist

Wrapped Ether

A tokenized version of Ether that solves the interoperability issue between Ether and apps that primarily support ERC-20 tokens, enhancing liquidity and expanding the functionality of Ether within the DeFi ecosystem.

See also: #ETH, #Ethereum, #Wrapped Token

Wrapped Token

A digital asset that represents an asset from a different blockchain or token standard. The original asset is locked in a smart contract, and the equivalent is created on the target blockchain in the relevant format, allowing for greater interoperability between previously non-compatible assets.

See also: #Ethereum, Wrapped Ethereum