Tuesday, February 6, 2018

Which Cryptocurrency Wallet is Right for You?

Cryptocurrency itself is not actually “stored” in a wallet. Instead, a private key (secure digital code known only to you and your wallet) is stored that shows ownership of a public key (a public digital code connected to a certain amount of currency). So your wallet stores your private and public keys, allows you to send and receive coins, and also acts as a personal ledger of transactions. Universal wallets that can be used like HolyTransaction (one of if not the most popular). In general, use an officially endorsed wallet for any given coin. So, for Bitcoin our recommendation is to use the Bitcoin Core Wallet, for Litecoin we would suggest Litecoin-QT, and for Ethereum we would suggest either Ethereum Wallet or MyEtherWallet. Bye for now. Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com

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