CRYPTO WALLET : WHO IS THAT?

bagirbeauty (29)in #steemit • 7 years ago (edited)

Hello my lovely followers <3

Today I want to share something about CRYPTO WALLET :)

Who is that?
What I know about them?

Let's start! :)

Cryptographic, sometimes called virtual currency or digital money, is not real money, such as dollars, pound sterling, or the euro. It is completely digital, which means that it is used only online, it is not supported by the government. Crypto cookies are stored in databases that are subject to special rules as they are issued to humans. Most importantly, it's not people's decision but mathematical formulas.

The most popular crypto wallets are Bitcoin, Ethereum, Litecoin or Ripple. They are like a chip in the amusement park or credits for which you can purchase an gadget or a mobile game. They carry out monetary functions and can, if they have them, be converted into goods or services.

These virtual currencies are special because they are supported by a decentralized network. This means that everyone holding a crypto wallet unit - a token, such as a bitcoin, keeps copies of all transactions. Therefore, transferring a Sally chip to your girlfriend, a specific token is displayed on the net and all its users are notified of changes in their owners. Therefore, you can not pass the same token to your friends Sally and Jack. Sophisticated, but simple!

All crypto wallet are slightly different, but have the following features:

They move in one direction only. After sending the token and confirming it to the network, you can no longer recover it, unless your friend sends it back to you.
You do not need to set up an identity. You are usually anonymous and you only need to have a digital wallet.
They are processed quickly and can be purchased by everyone. Transactions are executed and sent over the network immediately and confirmed within a few minutes.
The number of chips is limited. Their supply is regulated by the network.

Investing in crypto wallet is a personal solution with advantages and disadvantages. TransferGo believes that our customers need to be introduced to the new currencies, but we do not offer any advice on their purchase or sale. Before investing in any kryptovaliut, please assess your financial situation.