Hot Wallets

Danny Scott, the CEO of CoinCorner exchange, recently published the findings of an R&D project that promises to revolutionize the security of crypto exchanges. The CEO unveiled an early structure of a high-level device dubbed "Hoffline," the first-ever automated, air-gapped BTC hot wallet where the private keys never go online. CoinCorner's research team developed Hoffline to combine the convenience of a hot wallet with the enhanced security of a cold wallet. The device is automated for use with crypto exchanges…

Cryptocurrency exists as a natively digital entity that needs to be protected. We have crypto wallets and software programs to store your crypto assets' keys. Unfortunately, these software programs being dubbed "wallets," confuse new users. Crypto wallets don't store cryptocurrency the same way pocket wallets store currency. They only store your private and public keys that help with transactions. These keys are unique letters and numbers that allow you to send and receive cryptocurrency.  Whereas public keys are open to…