Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Wallets => Topic started by: Goldlife on April 15, 2021, 10:22:57 AM
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A cryptocurrency wallet is a device,[1] physical medium,[2] program or a service which stores the public and/or private keys[3] for cryptocurrency transactions. In addition to this basic function of storing the keys, a cryptocurrency wallet more often also offers the functionality of encrypting and/or signing information. Signing can for example result in executing a smart contract, a cryptocurrency transaction (see "bitcoin transaction" image), identification or legally signing a 'document' (see "application form" image).
Simple cryptocurrency wallet
A simple cryptocurrency wallet contains pairs of public and private cryptographic keys. The keys can be used to track ownership, receive or spend cryptocurrencies.[5] A public key allows others to make payments to the address derived from it, whereas a private key enables the spending of cryptocurrency from that address.[6]
The cryptocurrency itself is not in the wallet. In the case of bitcoin and cryptocurrencies derived from it, the cryptocurrency is decentrally stored and maintained in a publicly available distributed ledger called the blockchain.[5]
eID wallet
Providing an eID and a diploma and digitally signing the 'application form' with a crypto wallet app.
Some wallets are specifically designed to be compatible with a framework. The European Union is creating an eIDAS compatible European Self-Sovereign Identity Framework (ESSIF) which runs on the European Blockchain Services Infrastructure (EBSI). The EBSI wallet is designed to (securely) provide information, an eID and to sign 'transactions'.
More info: https://en.m.wikipedia.org/wiki/Cryptocurrency_wallet
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For those of us who are connected to cryptocurrencies, the qualities of a cryptocurrency wallet cannot be overstated. This satiated wallet plays a big role in the lives of those who are connected to cryptocurrency without a reason. Nowadays, crypto wallet has become a very reliable wallet for people. People are now more interested in keeping their money in a satisfied wallet.
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Cryptocurrencies wallets are two types, hardware wallet and software wallet.
Hardware wallet: ledger nano wallet, trezor wallet, safepal wallet
Software wallets: trust wallet, coinbase pro, myethereumwallet, math wallet, atomic wallet, tronlinkpro, Metamask and electrum wallet.
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Many of the cryptocurrency wallets are discussed here. I don’t think there’s any need to create the same topic over and over again.Others will benefit if you create other topics without creating the same topics. Hope you understand.