Important Types Of Cryptocurrency Wallet You Should Know #012

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Hello great minds,

I believe you are all doing perfectly fine and are making researches on different crypto project to invest in, come this bull run.

It is no news that there we are approaching the next bitcoin halving and as such there will be a recovery of the cryptomarket.

When we've gotten enough cryptocurrency, it will be nice to get enough knowledge on the types of cryptocurrency wallet available.

We have discussed about a few and today we shall continue our discussion.

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ANDROID WALLET

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An android wallet can be explained to be a digital wallet application that was created to run on Android powered mobile devices.

It permits users to manage, store and transact with the use of different digital asset and make digital payment.

To make use of an android wallet, a user with an android device needs to visit play store inorder to download the mobile app.

After a user has downloaded the app, he can then proceed to create an account by signing up to the wallet.

In an attempt to create an account, he will be required to input some personal details into the app and this will help create his personal account, within the mobile device.

After this has been done, the user will be given access to his public keys if it was a centralized wallet and both private and public keys if it were a decentralized wallet.

Then after this has been installed and set up, a user will be given access to his wallet interface where he can see his transaction history, remove/add asset and view his account balances.

An Android wallet also posses some level of security such as biometric authentication, encryption of private keys, two factor authentication and back up options for recovery of an account.

Regardless of the security level and convenience level of operation of an android wallet, users should exercise caution while using an Android app, he should learn to make use of a complex password/passcodes so as to prevent unauthorized access to his account.

LINUX WALLET

Linux wallet can be explained to be a software application that permits it's users to transact, store and manage digital assets only on Linux operating system.

Linux is known to be an open source operating system that is generally acceptable in computing environment.

A Linux wallet is a wallet that is specially designed for users, it is created to ensure that users enjoy their operation on it.

A Linux wallet is basically made up of 2components and they are the user interface and the private key.

The user interface of a Linux wallet helps to create a conducive interactive environment between it and it's users.

The private key of linux wallet is a special cryptographic code that is derived from the software application.

The private key is a secret code that gives users full authority over their digital asset.

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CONCLUSION

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We have examined android wallet and linux wallet and we have examined some of it's properties.

Having examined this, users can then decide on which type of wallet to make use of.

In our next discussion, we shall be discussing on some other types of wallet.