cold wallet

Phonetic: /koʊld ˈwɔlɪt/ /koʊld ˈstɔrɪdʒ/

Part of Speech: noun

Category: To be determined

An offline wallet that is never connected to the internet. These are often referred to as 'airgapped' or 'cold storage' wallets; the usage of temperature as a metaphor is to indicate both the ease with which the assets held in accounts by the wallet can be used on a network, as well as an indicator of risk. The idea here is that a 'hot' wallet, connected to the Internet, is 'ready to use on chain', and also has a higher risk of being compromised by bad actors. Cold storage wallets, therefore, offer much greater protection for crypto-held assets and tokens.

Definition source: Mapachurro probably wrote this.

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This word came from... the ether

Date first recorded: Unknown

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