What are Blockchain Wallets

Published on June 19, 2021

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What are Blockchain Wallets?

Blockchain wallets provide the interface between the user and the blockchain. In cryptocurrency, wallets provide the business logic the user sees. In business blockchain applications wallets can also be used in place of smart contracts in many cases.

Summary:
— Wallets manage you blockchain address and private key.
— Blockchain wallets scan the blockchain looking for transaction related to yout address.
— Blockchain wallets maintain a local log of your transactions.
— Wallets perform the cryptography behind signing and unlocking transactions.
— Wallets never send your private key over the internet.

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What Are Blockchains

What Are Blockchains, What are Blockchain Wallets.

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