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Glossary

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Wagmi

WAGMI means we are all gonna make it—a crypto mantra of optimism and community—covering its meaning, wallets, DeFi, trading, and leverage.

Wallet Verification

Wallet verification is confirming a user's identity to secure a digital wallet, prevent fraud, and comply with regulations, using document checks.

Wannacry ransomware

WannaCry ransomware is malware that encrypts Windows systems and demands Bitcoin, spreading via SMB EternalBlue during the 2017 outbreak.

Wasabi Wallet

Wasabi Wallet is an open-source, non-custodial Bitcoin wallet that uses CoinJoin to enhance transaction privacy, with coin control and hardware wallets.

Wash trade

A wash trade is buying and selling the same security to fake volume; illegal under the Commodity Exchange Act; the IRS wash sale rule governs tax losses.

Watchdog Organization

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

Watchlist

Watchlist: a curated list to monitor items; in finance, stocks and securities tracked to follow prices, news, and potential investment opportunities.

Weak hands

Weak hands meaning: investors who sell quickly in market downturns due to low risk tolerance, contrasted with strong hands who hold through volatility.

Web 3.0

Web 3.0 is the decentralized, semantic web where users own data, blockchain and smart contracts power dApps, and creators retain control.

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.

Web Application Firewall (WAF)

Web Application Firewall (WAF): a security layer that filters HTTP traffic to block SQL injection, XSS, and other app-layer attacks.

Websocket API

WebSocket API: a protocol for real-time, bidirectional communication between client and server over one TCP connection with an opening handshake.

Websocket Push Notifications

WebSocket push notifications are a real-time communication method that utilizes the WebSocket protocol to deliver instant updates from a server to a client.

Whale Activity Tracking

Whale activity tracking is monitoring whale movements in oceans and crypto whale tracking of large transactions to inform conservation and market analysis.

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

White hat computer hacking is ethical hacking: authorized experts find and fix system, network, and app vulnerabilities via pen tests and assessments.

White label

White label is when a product is made by one company and rebranded by another, with benefits, examples, and white label vs private label differences.

Whitelisting

Whitelisting is a security control that allows only approved IPs, emails, and applications to access systems, reducing malware and unauthorized access.

White Swan Event: Examples and Comparison to Black Swans

A white swan event is a predictable, significant event that markets can anticipate and prepare for. Unlike Black Swan events, which are rare and unpredictable.

Winding Down

Winding down is the orderly closure of a crypto company or platform, involving liquidation, creditor claims, bankruptcy court oversight, and security.

Winding Up

Winding up is closing a company by settling debts and distributing assets; in crypto it requires asset valuation, liquidation, and winding up petitions.

Withdrawal Bottleneck

Withdrawal bottleneck: a process constraint that limits capacity and slows throughput, caused by resource or system issues, plus steps to eliminate it.

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