Posts

Showing posts from March, 2023

Crypto Wallet Development - A Brief Note

Image
As the future of the payment system, cryptocurrency is the most preferred currency to exchange, owing to its digital, decentralized, and encrypted nature. Cryptocurrency functions on the not-so-mere public and private key, The public key is an identifier that lets you know where your crypto is stored, however, you cannot access the assets that are kept there. The purpose of the private key is to let you have access to it. Remember "Not your keys! Not your coins!". Crypto Wallet Explained To start with, cryptocurrency wallets are not your typical wallets that hold your cash and credit cards. They serve as a digital repository for both your private and public keys. The keys are a prerequisite for the sending, receiving, and storing of crypto coins. Crypto Wallets - Classified  Keep your money in a bank or locker, similar to storing your crypto assets in your crypto wallet. The purpose of your digital wallet is to store your keys, which allow updates to the transaction histor...