All terms
All termsAddressBlockBlock timeBlockchainConfirmationGasGweiHashMempoolNodePrivate keyPublic keySeed phraseTransactionWalletAll time high (ATH)Bear marketBull marketCandlestickCapitulationChart patternsDollar cost averaging (DCA)Funding rateLeverageLimit orderLiquidationLiquidityMarket capMarket orderOrder bookPosition sizingRisk managementSlippageSpreadSupport and resistanceTrendVolatilityVolumeWhaleAMMBridgeCEXDAODeFiDepegDEXFlash loanGovernance tokenImpermanent lossLiquidity poolLP tokenOraclePerpetual (perp)RestakingRWAStablecoinTVLWrapped tokenYield farmingAirdropAlphaApe inBagholderDegenDiamond handsFloor priceFOMOFUDGMHODLMaxiMeme coinMoonNFTNGMINormiePaper handsPFPRektShillSnapshotWAGMIAddress poisoningCold storageCustodyDue diligence (DYOR)Dusting attackExit scamFront runningHardware walletHoneypotHot walletMEVMultisigPhishingPump and dumpRug pullSandwich attackSelf custodySIM swapToken approvalTwo factor authenticationWallet drainerWash tradingAccount abstractionAppchainBlock explorerCirculating and total supplyConsensusData availabilityEVMFaucetFinalityForkFully diluted valuation (FDV)Gas warHalvingLayer 1Layer 2Layer 3MainnetMiningName serviceOptimistic rollupProof of stakeProof of workRollupShardingSidechainSlashingSmart contractStakingTestnetToken standardTokenomicsValidatorZero knowledge proofZK rollupArweave and the permawebComposabilityCross chain messagingdAppDecentralized identity (DID)DePINGameFi and play to earnIndexerInteroperabilityIPFSOnchain and offchainSession keysSmart accountSocialFiSoulbound tokenSybil resistanceToken gatingWeb2 vs Web3Web3
Definition
A wallet that is a programmable contract instead of a plain key pair.
A traditional account is a key pair with fixed rules: one signature, always required, no exceptions. A smart account is a contract, so it can enforce whatever rules you choose.
That unlocks spending limits, social recovery, automatic payments, batching several actions into one transaction, and letting an application pay your gas so you never need the native token to start.
In practice
A smart account could allow small daily payments with one signature while requiring a hardware wallet for anything above a threshold.
Where to go next
Account abstractionMaking wallets programmable, so accounts can have custom rules.WalletSoftware that holds your keys and signs transactions. It does not hold your coins.Session keysTemporary limited permissions so an app can act without prompting you constantly.MultisigA wallet that needs several signatures before anything moves.
More web3 terms
Arweave and the permawebComposabilityCross chain messagingDePINDecentralized identity (DID)GameFi and play to earnIPFSIndexerInteroperabilityOnchain and offchainSession keysSocialFi
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