A Detailed Explanation Of Stellar Wallet Part2
Hello crypto friends,
It is a wonderful opportunity to come before you all today again to discuss on an issue of great importance.
I fee very happy because I derive joy in publishing articles in this community, I trust that every member of this Community is doing very fine and you are all enjoying your activities in this community.
Today, we shall resume our discussion on stellar wallet from where we stop, for more information on the part 1 of stellar wallet, kindly visit this link
We discussed on software stellar wallet and we understood that there are 3 types of wallet and the other two are hardware wallet and paper wallet.
HARDWARE STELLAR WALLET
Hardware stellar wallet is known to be a wallet that are physical devices that are created to store stellar based cryptocurrencies securely offline.
This type of wallet actually offer a very high level of security as it's private keys are always kept offline, and it is very secured from online hackers.
To make a transaction using the hardware stellar wallet, the wallet has to be connected first to a computer network before they can validate a transaction.
The hardware wallet are not always user friendly and they are not recommended for any user to use.
The Only user that makes use of an hardware stellar wallet are users with a very huge holdings, users with significant amount of assets.
This way it helps to secure the funds from hackers.
PAPER STELLAR WALLET
Paper stellar wallet is a type of wallet in which it's cryptographic keys are stored on a paper.
This type of wallet often has its private and public keys stored in a paper.
This type of wallet also happens to be very secured as it cannot be hacked by online scammers.
This type of wallet, a user has to be very careful so as not to misplace his keys because once the keys are misplaced, he might loose access of his wallet.
A user making use of a paper wallet has to secure his paper very carefully or better still have a backup plan in case anything happens to his keys.
Irrespective of the different types of wallet, a user ought to create a wallet if he wishes to participate in the activities of the network.
A Stellar wallet in general helps users to interact with the network very well.
CONCLUSION
We have examined the different types of a stellar wallet and their properties.
In our next discussion we shall be learning a different topic, please stay tuned.
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I think PAPER STELLAR WALLET is more interesting. Thanks for sharing.
A Detailed Explanation Of Stellar Wallet Beshram shared a topic. Best wishes to you.