Important Types Of Cryptocurrency Wallet You Should Know #013
Hello crypto friends,
I believe you are all doing perfectly well and are following the instructions of this great community.
Today is another beautiful and I want us to discuss on something very crucial to us as crypto lovers and that is the use of our wallet.
It is very important that we know the types of wallet available in the cryptospace, only then can we choose the most suitable one for saving our cryptocurrencies.
Please stay tuned as we examine some cryptocurrency wallets.
COMMAND-LINE INTERFACE WALLET
A command-line interface wallet can be
explained to be a type of cryptocurrency wallet that functions in a command line environment through a text based interface.
Command line wallet unlike GUI wallet which posseses an interactive and visual interface, it is mostly used in a command prompt window.
CLI wallet is often dependent on the input text or the imputed command.
Users interaction with the wallet is based on the input of some specific parameters and command in expectation for the wallet to perform some important actions, such as importing private keys, sending funds, checking account balance etc.
Developers and more experienced users feel very comfortable working with CLI, since it deals with command line environment.
CLI wallet are often light weight and in comparison to GUI wallet requires little resources which makes them more efficient especially in systems with limited memory.
CLI wallets are often the most secured type of wallet since they are independent of inter-connected interface that might expose vulnerability of a wallet.
Another Importance of CLI wallet is how compatiblee they are with automation and scripting.
Here developers can design scripts and automate different wallet operations such as monitoring balance and combining CLI balance etc.
GRAPHICAL USER INTERFACE (GUI) WALLET
A graphical user interface wallet can be explained to be a type of digital wallet just as the name implies that provides graphical user-friendly interface for the interaction with cryptocurrencies and other digital assets.
Gui is designed to help ease the process of sending, receiving and managing cryptocurrencies, especially for users with little knowledge of technical aspects of blockchain technology.
GUI wallet helps to promote security by encrypting user's data, giving them the ability to set pass phrase for wallet access and an optional 2FA.
CONCLUSION
Today, we have learnt on GUI and CLI types of wallet.
And we have seen that developers are more comfortable with CLI wallet because it operates in a command-line environment.
This is the another great post of Important Types Of Cryptocurrency Wallet.
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