Ask Leo : is crypto wallet a best tool for protecting or keeping keys?
Source
Wallet play a very important role in block chain and cryptocurrency as a whole
Cryptocurrency wallet is a tool that allows one to interact on Blockchain also it can be used to send or receive crypto it is also used to gain access to decentralized applications (DApps)
what is crypto wallet
A cryptocurrency wallet is a device, physical medium, program or a service which stores the public and/or private keys for cryptocurrency transactions.
crypto wallet also help in encrypting and sign-in,
How dose crypto wallet works
There are several keys in cryptocurrency but I will only be talking on the two important major keys which is the private keys and the public keys
This keys play a vital role in Blockchain
Crypto wallets store your private keys, keeping your crypto safe and accessible. They also allow you to send, receive and spend cryptocurrencies like Bitcoin and Ethereum.
Crypto wallets keep your private keys – the passwords that give you access to your cryptocurrencies and accessible,using a private key. Your keys prove your ownership of your digital money and allow you to make transactions. If you lose your private keys, you lose access to your money.
Public keys:A public key allows others to make payments to the address derived from it, whereas a private key enables the spending of cryptocurrency from that address.
Security advice
It is very important to keep your keys in a very save place because it gives you access to your wallet and if lost you keys you might be loosing alot of money in your wallet and may never gain access to it again so it is advisable to save all keys in a save place
Thanks for visiting my blog @tobywalter cares do have a wonderful week 💕💞💞💕💕💞💞💕💕💞💕💕
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