What is Crytpo Wallet || 10% to @tron-fan-club
Today i will Discuss with you What is Crytpo Wallet.Crytpo Wallet is a very important issue for every crypto holder. I always try to share with everyone what I know everything about blockchain and crypto. So in its continuation today I will talk to you briefly about Crytpo Wallet. i Hope you like my today's post.
Crytpo Wallet
Wallet is one of the things in our life where we can keep our resources safe and we use our wallet physically. We keep the physical money in our wallet. But the crypto wallet is a completely different thing from this ordinary wallet, although its function is almost the same. Because we can't hold a crypto wallet normally or we can't find its existence. But in the crypto wallet we can keep our crypto resources.
We know that cryptocurrencies are but not like the currencies of our country or any other country. Any currency can be held and viewed. But cryptocurrencies are built on a complete online blockchain network and can only be accessed using an Internet connection. It can be sent to someone else or received from someone else. And if we want to keep those crypto resources safe, we can't keep them physically. So the most important thing to keep those crypto assets safe is the crypto wallet. We store our cryptocurrencies in a very secure crypto wallet.
Public key and Private key
Normally a crypto wallet has two types of keys, public key and private key. With public key we can easily receive any crypto resources from anyone. This means that I can share this public key with anyone, this is my address. Simply put, we normally have an account number in our bank for transactions at our bank. We share that account number with other acquaintances. Because if someone wants to send me money, if I send money to that account number, it comes to my account. Similarly, this public key is the recieving address. It has to be given to everyone and whoever sends me any resource will send it to my wallet at this address.
And what is private is a completely personal matter. If I want to access my wallet, I must use this private key to access the account and I will need this private key to make all the transactions I want. To manage any of our accounts we need to have a password, login to our account with that password. After logging in we can access our account. We can understand this private key as a password.
And what makes this private so important is that once it is lost, it cannot be restored or retrieved, and the crypto resources contained within it will never be regained. Because it is a completely decentralized system, meaning that no one controls it, so we will not be able to bring it back because we are not given a mobile number or email address. So what is private is most important and what is private cannot be shared with anyone. Because if someone gets your private key or private key is hacked, then they get full power of your account, that is, they can take all the crypto resources in your account if they want.
What to do to keep the wallet safe
So if we want to keep our cryptocurrencies safe then first of all my job is to keep this private key very safe. That's why we can keep it private if we want. For example, we can keep diaries and save them on any of our online based personal platforms. But if you want to keep it online, you have to keep it very safe, so that it is never hacked. Maybe I put it in my Google Drive, but my Gmail got hacked. But then there is the possibility that these cryptocurrencies will be hacked. Because if Gmail is hacked, the information in my Google Drive will be under its control. So of course if you want to keep our crypto wallet much more secure all the time, do we have to store it very privately, with very good planning?
I have an account. I need to know a lot about the subject. Especially now how to upload pictures. Something educational. Thank you so much.
https://twitter.com/KawsarH67898725/status/1529021552955891712
a very interesting article and of course to read, therefore keep working on making very good posts
Yeah, it's very true what you said.
Thank you for sharing this information.
You have explained about crypto wallet beautifully. This is a good educational content. Thanks for sharing
Brother I got a lot of ideas about crypto wallet from your post. I follow all your posts because you give very good updates about crypto. Today's post will benefit many. Good luck to you.