W | Glossary

Wagmi

WAGMI is an acronym for "We're All Gonna Make It," commonly used in cryptocurrency and online communities to express optimism and solidarity. It reflects a positive mindset and collective belief in success, often shared among members of these communities to encourage perseverance and mutual support during challenging times.

Wallet verification

Wallet verification is the process of confirming the authenticity and ownership of a digital wallet. This procedure typically involves validating the user's identity and ensuring that the wallet is secure and compliant with regulatory standards. It is a crucial step in safeguarding against fraud, unauthorized access, and other security threats in digital financial transactions.

Wannacry ransomware

WannaCry ransomware is a malicious software attack that emerged in May 2017, targeting computers running the Microsoft Windows operating system. It encrypts files on the infected system, demanding a ransom payment in Bitcoin to unlock them.

Wasabi Wallet

Wasabi Wallet is a privacy-focused Bitcoin wallet designed to enhance user anonymity and security. It employs advanced techniques like CoinJoin, which mixes multiple transactions to obscure the origins and destinations of funds, making it difficult for third parties to trace transactions. Wasabi Wallet is open-source and offers a user-friendly interface, making it accessible for both novice and experienced cryptocurrency users who prioritize privacy.

Wash trade

A wash trade is a form of market manipulation in which an investor simultaneously buys and sells the same financial instrument to create misleading, artificial activity in the marketplace. This practice can give the illusion of increased trading volume and can be used to deceive other investors about the true demand for the asset. Wash trading is illegal in many jurisdictions because it distorts market prices and undermines the integrity of financial markets.

Watchdog Organization

A watchdog organization monitors and ensures accountability, transparency, and ethical conduct in various sectors, often exposing misconduct and advocating for reforms.

Watchlist

A watchlist is a curated list of items, individuals, or entities that are monitored for various reasons. In finance, it refers to a list of stocks or securities that investors track for potential investment opportunities.

Weak hands

Weak hands refers to investors or traders who quickly sell their assets during periods of market volatility or downturns due to fear, uncertainty, or a lack of financial resources. These individuals tend to have low risk tolerance and short-term focus, often reacting emotionally to market fluctuations, which can amplify market declines. Weak hands are contrasted with "strong hands," who hold onto their positions through volatile periods with greater confidence and long-term strategy

Web 3.0

Web 3.0, often referred to as the "decentralized web," represents the next evolution of the internet, focusing on decentralization, user empowerment, and enhanced privacy. It leverages blockchain technology, smart contracts, and decentralized applications (dApps) to create a more open and user-controlled online environment.

Web3 Foundation

Web3 Foundation is an organization that supports and promotes the development of decentralized web technologies, focusing on blockchain and peer-to-peer protocols.

When Moon

"When Moon" refers to the phase or position of the moon in its lunar cycle, often used in contexts related to astronomy, astrology, or cultural events.

White Hat Computer Hacker

A White Hat Computer Hacker is an ethical security expert who uses their skills to identify and fix vulnerabilities in computer systems, networks, and software. Their goal is to improve security and protect against malicious attacks, often working with organizations to conduct penetration testing and vulnerability assessments.

White label

White label refers to a business practice where a product or service is produced by one company but rebranded and sold by another company as its own. This approach allows businesses to offer new products or services without investing in the development or manufacturing process.

Whitelisting

Whitelisting is a cybersecurity practice that involves creating a list of approved and trusted entities, such as IP addresses, email addresses, applications, or websites, which are granted access to a system or network. This approach helps to enhance security by allowing only pre-approved entities to interact with the system, thereby reducing the risk of unauthorized access or malicious activity. Whitelisting is often used in conjunction with other security measures to provide a robust defense against cyber threats.

White Swan Event

A White Swan Event is a predictable, significant event that can be anticipated and prepared for, unlike a Black Swan Event which is unexpected and rare.

Winding Down

Winding Down: The process of gradually reducing activity or intensity, often to relax or prepare for rest.

Winding Up

"Winding Up" refers to the process of closing down a business or organization. This involves settling all debts, distributing any remaining assets to shareholders or owners, and completing all legal and administrative tasks to formally dissolve the entity. The goal is to ensure that all financial and legal obligations are met before the business ceases to exist.

Glossary