Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Wallets => Topic started by: PRIBO247 on November 24, 2018, 12:34:22 AM
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I would like to understand the difference between these two wallets and also a suggestion of some of these wallets. Thank you.
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Ledger Nano S and Trezor are offline wallets. Here your tokens are saving in offline storage.so your token are can not hacked .
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I would like to understand the difference between these two wallets and also a suggestion of some of these wallets. Thank you.
The word wallet means bag.We can store our tokens in this walletA wallet is a collection of accounts, and an account is a combination of an address and its associated private key.
A wallet is said to be an online wallet when it is connected to the Internet. For example, wallets stored in geth, any website/database, and so on are called online wallets. Online wallets are also called hot wallets, web wallets, hosted wallets, and so on. Online wallets are not recommended at least when storing large amounts of ether or storing ether for a long time because they are risky. There are different types of wallets in cryptocurrency.Such as Trust Wallet My Ether Wallet Metamask Wallet etc.I think the benefits of online wallets are much more than offline
Source Link:
https://subscription.packtpub.com/book/big_data_and_business_intelligence/9781787122147/5/ch05lvl1sec56/difference-between-online-and-offline-wallets#:~:text=A%20wallet%20is%20a%20collection,and%20its%20associated%20private%20key.&text=A%20wallet%20is%20said%20to%20be%20an%20offline%20wallet%20when,connected%20to%20the%20Internet...
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Offline wallet Is More secured than online wallets. Ledger nano wallet and trezor wallet is very popular and secured offline wallet.
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I have seen many people prefer offline wallet instead of online wallet. But I don't think so. In today's age of online no one wants to use offline wallet.Because everyone wants to get a touch of modernity. So I think online is much more acceptable than offline wallet.