Wallets

Digital Currencies, unlike fiat currencies, need a cryptocurrency wallet as their safety house pending their use by its owner. This led to the development of software and hardware wallets as storage places for cryptocurrencies. Safety of funds has always been a priority with any investment platform; no wonder centralized institutions go the length and breadth to secure their customers' assets and funds. The crypto-sphere has suffered great turmoil in hackers' hands, absconding with crypto enthusiasts' hard-earned funds. It has always…

Asymmetric Cryptography or Public/Private Key Cryptography is the backbone of the modern information society. They comprise two uniquely corresponding cryptographic keys (basically long random numbers) where the key pair are mathematically related. Whatever is encrypted with a Public Key may only be decrypted by its corresponding Private Key and vice versa. Public Key Cryptography can, therefore, achieve confidentiality. For asymmetric encryption to deliver confidentiality, integrity, and authenticity, users and systems need to be sure that a public key is authentic, belongs…

When thinking about investing in the crypto world, the first thing a rookie has to select carefully is a wallet. A crypto wallet is a software or hardware platform designed to hold the private key to your funds. Selection of a wallet is a task that involves consideration of different variables, including technology, security, speed, reliability, and efficiency.  There are two types of crypto wallets, custodial and non-custodial wallets. The former requires a third party to hold the account's private…

The financial payment system has advanced over the years in several milestones. About fifty years ago, there were electronic payment systems such as Visa cards, MasterCard, etc. The rapid development of technology led to the invention of blockchain technology by a group falsely yet famously known as Satoshi Nakamoto. Over the years, many businessmen and women have shared concerns about the level of control Centralized Institutions have over people's funds. However, all the developments that have come down the line…