Before Blockchain wallets came along, traditional wallets were the ones used to store cash. They were slow, they had a central point of failure (the banks), and they had an issue of keeping track of all the balances in the accounts.
Furthermore, they were prone to hacks. This method proved to...
CRYPTOCURRENCY WALLETS
Wallets are applications that are used to store cryptocurrencies.
There basically two types of wallets
1) Software wallet
2) Hardware wallet
Software wallets are divided into two; the exchange wallets and the private wallets.
The exchange wallets are those ones that...