Wallet
A wallet is a digital tool or software used to store, receive and send cryptocurrencies.
In the cryptocurrency world, wallets are essential tools for storing, receiving and transferring digital assets. A crypto wallet acts as a repository to store the user s crypto assets and usually works with a pair of key systems. Each wallet is associated with a unique digital signature pair called a public key and private key. The public key is an address that the user can share to receive and send their assets, while the private key is a secret key protected by the owner of the wallet and is used to access the assets. Wallets come in various types, including web, desktop, mobile, and hardware, and each has its advantages and disadvantages. For example, hot wallets are connected to the internet and provide greater ease of access, but have a higher security risk. Cold wallets, on the other hand, are not connected to the internet and increase the security of assets, but access is more restricted. —
