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Showing posts with the label CryptoSecurity

How a Crypto Currency Wallets works

 Let's talk about how Crypto Currency Wallets work simply  If we take the way a normal Online Banking App works,  Imagine that the bank with your bank account is the Blockchain  Your bank account number is the Public Key to your Crypto Wallet   Your Private Key is the permission to access your Online Banking App and the Online Banking App.   So your bank keeps records and traces all receipts and payments from your bank account and transactions made through the bank.   Do you know what it looks like?  Blockchain records and traces everything that happens through your public key.  That means copying your data in a block   Using your Mobile Banking App, you can view your bank account balance and receive and payment reports.  In the same way, you can view the balance and receipts and payment reports from the Crypto Currency Wallet.   This is how a Crypto Currency Wallet works Let's talk about different types of Crypto Currency Wall...