Are you new to the cryptocurrency world and feeling a bit lost? Don't worry, you are not alone. The cryptocurrency space can be daunting for newcomers, with its many terms, abbreviations and definitions that can be difficult to understand.
ATAIX crypto glossary will help make sense of some of the most common cryptocurrency terms and definitions. Armed with this information, you'll be ready to start participating in this exciting and innovative new economy!
A crypto address represents a digital wallet that can send and receive cryptocurrency. Like a physical address, email, or website, each crypto address is unique and points to the location of a crypto wallet on the blockchain.
Most blockchain addresses are challenging for humans to read because they take the form of long, random strings of letters and numbers. However, this doesn't pose any problems for computer networks. All crypto addresses are unique.
Crypto addresses play a fundamental role in the operation of cryptocurrencies. They are used to send and receive payments and store coins and tokens. As such, crypto users must keep their addresses safe and private.
Crypto addresses are public, and you can utilize a blockchain explorer to see the transactions in and out of an address and the number of assets that the address holds. However, most of the addresses are anonymous, or rather, pseudonymous, as the person owning the address does not usually have their real name linked with it. There are cases where addresses and the person or entity behind them are known, and this is stereotypically the case for exchanges and token project owners or founders.