Whitelist

What Is a Whitelist?

A whitelist is a register of authorized and trusted entities, such as individuals, institutions, or addresses, granted access to specific resources or services. In the realm of cryptocurrency, it frequently relates to ICOs (Initial Coin Offerings) and withdrawal addresses.

In the Context of Cryptocurrency

ICOs: Prospective investors are required to undergo whitelisting, often involving KYC (Know Your Customer) procedures, to partake in token sales.

Withdrawal Addresses: Users have the ability to whitelist particular cryptocurrency addresses for withdrawals, heightening security by ensuring that funds are exclusively transferred to trusted addresses.

Advantages

Enhanced Security: Acts as a barrier to unauthorized access and transactions.

Controlled Access: Ensures that only authenticated participants are able to engage in specific activities.