WALLET TRACKING IN BLOCKCHAIN

Hello to everyone in this wonderful community today and on this great platform at large. I greet you all in good spirit and I want to believe that we all are doing just great today and if so we give God the praise for the sustenance of life and good health.

I welcome you all to another great day before us all and I want to believe that we all are having a good day at work or wherever we may be. As we are approaching the weekend, I hope we have a blessed day and a great week ahead.

As usual, today, I am here among you all once again to discuss about an interesting topic which I have set to dish out to you all. This is indeed insightful and I have titled the discussion for today as WALLET TRACKING IN BLOCKCHAIN.

In regard to that, I urge you all to take a chill pill and relax while I begin the discussion for today and I wish you all a happy reading!

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The digital currency as we all know does not stay on the cloud or in the air. Just the way our conventional currency is kept save in a bank account, in same way the digital currency is being kept safe in our wallet.

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The wallet serves as the bank account to our digital assets even though it can't be felt but then, the digital currency is safe and stored on the digital currency wallet and just as I have said, this wallet protects our assets as though it needs only the key or password of the user in other to access the funds or cryptocurrency assets in the wallet.

The wallet key is being made with a combination of algorithm. That is a combination of letters and numbers to form a unique key which is used to access the wallet of a user. Note that each individual has a separate key for their wallets as though all wallets are keys are unique in their own way.

I believe that with the above preamble regarding what a wallet entails, we now have a prior knowledge about the teaching of today. Now without wasting too much of our precious time, it is important that we begin the lesson in proper.

WHAT IS TRACKING

The word tracking can be seen as a scenario whereby a particular item is being searched for using various upgraded tools that are designed to get the location and other relevant information regarding the said item that is being looked for.

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Tracking is the ability to get a given location regarding a particular thing. And Tracking is used to search for especially stolen items or assets as the case may be.

The idea of tracking is to get the final destination of an a stolen item especially. It can also be used in surveillance term, whereby a culprit is been located with the aid of tracking tools and other advanced equipment which have the capability to get the location of a given asset or individual depending on the context.

Now, it is vital to relate the above explanation to today's topic for proper assimilation and accommodation of the given subject.

WALLET TRACKING IN BLOCKCHAIN

Wallet tracking in blockchain is a crucial activity that is carried out in other to get basic information regarding a wallet such as, the funds going out and those coming in, the wallet addresses in which the funds are transferred to or received from and the amount of assets that are in that account.

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Wallet tracking is a scenario whereby a given wallets information is looked into from the onset of the transaction to the very last minute of it, be it the assets received or sent out from the said wallet, as well as the exchanges the assets were sent to. With wallet tracking, we can get the accurate details of all the activities that are carried out on a particular wallet.

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CONCLUSION

As clearly stated in the above, wallets are built on the blockchain for the purpose of storing or keeping our digital assets for security purposes. The wallet just as I have earlier started, it serves as shelter to our digital assets just the way we keep our conventional money in our bank account, that is exactly the same way the wallet operates.

And we said that wallet tracking is seen as the process by which a wallet is been scrutinize to get certain information regarding the wallet activity either for a particular duration or from the onset of the wallet existence, and these information can be the addresses in which the wallet has received funds from or the addresses the wallet has sent funds to.

Thank you all for having me today. When we come here next time, we will be discussing on WHY EE TRACK WALLET.