What is Web3?

A wallet in blockchain is a digital tool or software application that allows users to securely store, manage, and transact with cryptocurrencies and digital assets. Wallets can be categorized into hot wallets (connected to the internet) and cold wallets (offline storage), each offering different levels of security and accessibility. Wallets typically include features such as address generation, transaction history, and private key management, enabling users to send, receive, and monitor their cryptocurrency holdings with ease.

A whitepaper is an authoritative report or guide that informs readers about the details of a project, especially in the context of cryptocurrency and blockchain. It typically outlines the problem, the proposed solution, technical details, and the roadmap for the project's development.

A wrapped token is a cryptocurrency token that represents another underlying asset.

A watchtower is a service in the Lightning Network that monitors the blockchain for fraudulent transactions and helps protect users' funds by penalizing malicious actors.