A cryptocurrency wallet is a software program that can be used to store, send, and receive cryptocurrencies from a digital address.
The digital address of a cryptocurrency wallet is made secure and functional by public-key cryptography. The public key can be shared with anybody and used to receive funds, while the corresponding private key enables anybody who knows it to access the contents of a cryptocurrency wallet and to digitally sign transactions sending funds out of the wallet.
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What is a Cryptocurrency Wallet? Simple To understand Video
- Public-key cryptographyCryptographic system requiring two separate keys, one of which is secret and one of which is public
- BitcoinBitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009.
- EthereumEthereum is an open-source, public, distributed blockchain computing platform featuring smart contract (scripting) functionality, which facilitates online contractual agreements.