Hot storage refers to a crytocurrency wallet that is connected to the internet. Some examples of hot storages include online wallets, software wallets, and storing your cryptocurrency within an online exchange account. The opposite of hot storage is cold storage.
Hot Storage
Related Terms
-
Ethereum is a decentralized, open-source, and distributed computing platform that enables the creation of smart contracts and decentralized applications, also known as dapps. Ethereum, or the Ethereum Virtual Machine (EVM), is an attempt to build a new version of the internet: An internet where money and payments are built-in. An internet where users can own […]
-
The process of moving your cryptocurrencies “offline”, to prevent them from being stolen by hackers. There are a variety of ways to do this, but most cold storage methods include using paper...
-
EOS is the native token of EOSIO network, which is a type of blockchain technology that is positioning itself as a decentralized operating system. EOS.IO is a blockchain protocol powered by its...
-
A hot wallet is a cryptocurrency wallet that is connected to the internet.
-
The Current Account is the difference between a nation’s total exports of goods, services, and transfers, versus its total imports.