Understanding Wallets
One of the most used web3 applications is Wallets. A crypto wallet is the gateway for interacting with web3 apps. Wallet controls access to the user’s money, tracks balance, manages keys and addresses, creates and signs transactions. A common misconception is that wallets store crypto coins. Wallets do not store the coins, but the blockchain does or rather the coins are recorded on a blockchain. Wallets contain only the user’s keys. But how can you control your coins on the blockchain network...
Understanding Wallets
One of the most used web3 applications is Wallets. A crypto wallet is the gateway for interacting with web3 apps. Wallet controls access to the user’s money, tracks balance, manages keys and addresses, creates and signs transactions. A common misconception is that wallets store crypto coins. Wallets do not store the coins, but the blockchain does or rather the coins are recorded on a blockchain. Wallets contain only the user’s keys. But how can you control your coins on the blockchain network...
