What Is A Crypto Wallet?
When we hear the word “wallet”, we immediately think of a purse or a wallet to hold our cash, ID cards, bank cards. Unlike cash, digital currencies are stored on a blockchain, as they do not physically exist. To create a cryptocurrency wallet, you need to generate a private key and a public key, which […]
Trustless or Trusted platform? Which is better?
The revolutionary invention in the world of blockchain and cryptocurrencies is DecentralisedFinance, commonly known as DeFi, which is the umbrella term for decentralised financial services and the associated applications. These are implemented on trustless platforms, which do not require a trusted intermediary to execute transactions, hence the term trustless. In other words, this means that […]
Hot wallet vs cold wallet.
“Hot wallet” and “Cold wallet”, what do they mean and how do we use them? Many of us have heard of the terms, but few of us understand what the difference between the concepts really is. Basically, there are two different types of cryptocurrency wallets to choose from, each with its own advantages and disadvantages. […]
