CRYPTOGRAPHICALLY SECUREABOUT BLOCKCHAIN WALLETS
More than what we normally think of as a wallet.
A blockchain wallet is a digital file that holds your digital assets. It acts as a “safe” for your crypto assets. It also interacts with various systems to allow you to send and receive money and NFTs.
Your wallet controls anything going out of your “safe” by requiring your personal digital signature. It also gives you quick access to your entire history of transactions and entire portfolio of assets.
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Your wallet is digital. And it can hold all sorts of digital things. Your crypto currencies and your NFTs live in your blockchain wallet.
Your wallet uses cryptography (complex code and complex combinations of letters and numbers) to ensure only you can send stuff out.
Any time anything happens with your crypto wallet, you have immediate and guaranteed visibility to see how much of what went where.
Crypto wallets are used for more than holding money. They hold art, gaming assets and other things. Your wallet is also used to sign-in to websites. No password required in some cases!
Worldwide talent is paying more attention to crypto currencies, including CFO of top banks and former government regulators.
WALLETS ARE USED IN MANY WAYS
NFTs ARE ACCESS
In web3, things are not always as they seem.
Proof Collective is a great example. People pay hundreds of thousands of dollars to acquire a Proof Collective Membership NFT.
It provides them access to an exclusive network of people and access to information they otherwise wouldn’t be able to acquire.
This is a good demonstration of how secure crypto wallets are. It’s not uncommon for people or companies to hold millions, tens of millions or hundreds of millions of dollars worth of crypto currencies and NFTs in a wallet. And they don’t need a password to trust it.