Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...

Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...

Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
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I tried to explain what Hot Wallet is in comic strips.
TL;DR
I explained what a Hot Wallet is and how it will be used in a particular situation.

Some Takeaway
Hot wallets opposite to cold wallets are to connect with the internet. Users can easily use hot wallets to transact their cryptocurrency around the world where the internet gets access. The internet activates the wallet and enables them to transact between users instantly. However, the question of how secure the hot wallet is up to debate. As long as you have a wallet that connects to the internet and where your financial information is posted in blockchain to the public, the security of such a wallet is very vulnerable to attack by hackers. Since people know how much money you possess, likely your large sums of assets are targets for hackers to challenge and break into.
Crypto Exchange
Crypto exchange is nothing but a bundle of hot wallets together on a platform. They are very vulnerable to being attacked because much of the accumulated assets are shared in the pool that the public can research. Hackers are willing to take a chance to break into the system and take away funds if possible. Although many crypto exchange platforms migrate into cold storage, they are still vulnerable to attacks when the wallet becomes hot.
Hot vs. Cold
The terms refer to connecting to the internet or not. Hot means the wallet connects to the internet while cold means they are not connecting. There are no perfect ways to protect your wallets unless that method fits your needs. The choice between a hot or cold wallet depends on how many assets you have within your wallet and what objective you want to achieve with such a wallet.
Who Bears the Risk
The philosophy of cryptocurrency at the beginning was to give as much control as possible to users. Thus, users bear the risk of protecting their own assets. Such an argument is being altered when more and more users join the crypto space without prior knowledge of how crypto actually works. The result of losing funds accidentally through losing private keys to the internet or being physically damaged is common in recent crypto adoption fiasco. Companies like Coinbase have advantages to offer security as their services to users who join crypto without any further knowledge. However, the debate will continue as to whether users should be able to totally control their wallets or not.
Maintenance of Wallet
Whether or not users will control their own wallets, it is always important to update your knowledge and keep tracking the industry technology progress. Since cryptocurrency is a piece of technology, it will evolve gradually. It is important for users to spend time and learn new developments in the crypto space.
In conclusion
The hot wallet is a way to store your crypto assets while connecting online. There is a greater risk of being hacked. However, users will need to upgrade their knowledge constantly to prevent being left out in the crypto space.

I tried to explain what Hot Wallet is in comic strips.
TL;DR
I explained what a Hot Wallet is and how it will be used in a particular situation.

Some Takeaway
Hot wallets opposite to cold wallets are to connect with the internet. Users can easily use hot wallets to transact their cryptocurrency around the world where the internet gets access. The internet activates the wallet and enables them to transact between users instantly. However, the question of how secure the hot wallet is up to debate. As long as you have a wallet that connects to the internet and where your financial information is posted in blockchain to the public, the security of such a wallet is very vulnerable to attack by hackers. Since people know how much money you possess, likely your large sums of assets are targets for hackers to challenge and break into.
Crypto Exchange
Crypto exchange is nothing but a bundle of hot wallets together on a platform. They are very vulnerable to being attacked because much of the accumulated assets are shared in the pool that the public can research. Hackers are willing to take a chance to break into the system and take away funds if possible. Although many crypto exchange platforms migrate into cold storage, they are still vulnerable to attacks when the wallet becomes hot.
Hot vs. Cold
The terms refer to connecting to the internet or not. Hot means the wallet connects to the internet while cold means they are not connecting. There are no perfect ways to protect your wallets unless that method fits your needs. The choice between a hot or cold wallet depends on how many assets you have within your wallet and what objective you want to achieve with such a wallet.
Who Bears the Risk
The philosophy of cryptocurrency at the beginning was to give as much control as possible to users. Thus, users bear the risk of protecting their own assets. Such an argument is being altered when more and more users join the crypto space without prior knowledge of how crypto actually works. The result of losing funds accidentally through losing private keys to the internet or being physically damaged is common in recent crypto adoption fiasco. Companies like Coinbase have advantages to offer security as their services to users who join crypto without any further knowledge. However, the debate will continue as to whether users should be able to totally control their wallets or not.
Maintenance of Wallet
Whether or not users will control their own wallets, it is always important to update your knowledge and keep tracking the industry technology progress. Since cryptocurrency is a piece of technology, it will evolve gradually. It is important for users to spend time and learn new developments in the crypto space.
In conclusion
The hot wallet is a way to store your crypto assets while connecting online. There is a greater risk of being hacked. However, users will need to upgrade their knowledge constantly to prevent being left out in the crypto space.
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