is a distributed ledger that contains an ordered account of transactions in records called blocks. Each block
of transactions is timestamped and linked to the previous block (like a chain) using modern encryption techniques. Bitcoin
are two examples of growing high-value blockchains.
Miners and Stakers
Wallets, Clients, and Other Software & Resources
- Wallets serve as a storage mechanism for Cryptocurrency (Secure Private Key Management).
There are different types of wallet software available on various platforms [Desktop, Web, Mobile and Hardware Device Wallet].
Wallet software often provides additional features above and beyond tracking account balances and executing coin transfers, such as;
- Support for multiple coins
- Fee and Confirmation Time Estimation
- Advanced transactions (Data)
- Multi-signature support
- Custodial wallet
- A provider that has custody of users’ holdings by controlling their private key(s).
- Self-hosted wallet
- Individual controls their own private keys. [Note: Most cryptocurrency clients come with Wallet software to generate an account with private keys stored locally on your device.]
- Hardware Wallet
- Hardware device that stores private keys: ie. https://trezor.io/
- Paper Wallet (printable)
- BTC https://blockchain.info/wallet/paper-tutorial
- ETH https://www.myetherwallet.com/
- Brain Wallet
- Multi-signature wallets
- Is an address whose control is shared by multiple signatories such that a specified threshold of private keys be provided in order to access funds. (Such as 2 out of 3)
- Cold Storage
- A custodial wallet where the keys are kept offline.