Ahmed cryptocurrency blogs

             Wallet Types There are several types of cryptocurrency wallets, each coming with own pack of advantages and disadvantages. They differ in terms of security layers provided, as well as how easy they are to manipulate. Online Wallets:  These are the most numerous crypto storage platforms out there in the industry. They require simple registration, have very little protection layers, and are mostly free to use. Their main purpose is to provide fast liquidity and easy-to-handle interface for small trade investments. Many of these do not employ encryption on keys and are easily hacked. Many exchanges experienced crippling situations due to lax safety measures. Desktop Wallets : Open-source desktop wallet programs come with much higher security than online storages, as they save your private keys in your computer, which is often encrypted using a password, and they are protected by your computer’s antivirus software. You can downloa...

Wallet Keys Whereas you have an address code, you need the private key for that address to allow the transfer to go on. If the address is like your email address, the private key is like the email's password. It is also a series of numbers and letters, generated by the wallet you registered in (or created, depending). Private keys are known only to you, securing your balance against hacking attempts. Losing your private key means losing the coins in that address. Example of Wallet Address and Private Key www.paroexchange.com

Introduction on Crypto Wallets There is a lot to be said about blockchain technologies and cryptocurrencies that came out of them as a result. However, in this article, we talk about the most important part of the crypto network, one that ensures Bitcoin’s very existence – wallets. There are many types of wallets and platforms that developed their own solutions. These storage programs differ in terms of security, cryptocurrencies supported, and additional services that they provide. If you are a beginner that wishes to purchase cryptos for the very first time, this guide is a must-read. Crypto Wallets – What are They? Putting it simply, wallets are storages for your cryptocurrencies. Think of it as a bank account, where you can deposit, transfer out, or withdraw fiat currencies, such as USD, CAD, SGD and others. However, whereas banks have numerous intermediaries, crypto wallets usually have one or none service providers. As a part of the blockchain network, these wa...

“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.” – Don & Alex Tapscott, authors Blockchain Revolution (2016). A blockchain is, in the simplest of terms, a time-stamped series of immutable record of data that is managed by cluster of computers not owned by any single entity. Each of these blocks of data (i.e. block) are secured and bound to each other using cryptographic principles (i.e. chain). So, what is so special about it and why are we saying that it has industry disrupting capabilities? The blockchain network has no central authority — it is the very definition of a democratized system. Since it is a shared and immutable ledger, the information in it is open for anyone and everyone to see. Hence, anything that is built on the blockchain is by its very nature transparent and everyone involved is accountable for their actions.