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 wallets provi...
An Altcoins is new digital cryptocurrency similar to Bitcoin. Aside from Bitcoin, there are hundreds of other digital currencies out there. These are known as “altcoins” or alternatives to Bitcoin for example , ether , ripple, z cash and many more. “ALTCOIN” is a combination of two words : “alt” and “coin”; alt signifying “alternative” and coin signifying “cryptocurrency”. Thus together they imply a category of cryptocurrency that is alternative to the digital currency Bitcoin. After the success story of Bitcoin, many other peer- to- peer digital currencies have emerged in an attempt to imitate that success. While Bitcoin was the first cryptocurrency, and remains the best known, it is now only one of hundreds of cryptocurrencies, which all seek to improve upon Bitcoin in various ways. Most popular altcoins use the same fundamental building blocks as Bitcoin. This approach is relatively easy to carry out because Bitcoin is a free, open source platform. When an altcoins forks at the b...