Wallet: Difference between revisions
imported>Doug Williamson (Created page with "1. ''Information technology - payment systems - payment cards.'' Abbreviation for electronic wallet, or digital wallet. 2. ''Information technology - blockchain - cryptoa...") |
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In the context of cryptoassets, a wallet is a tool used to store the private password (key) for accessing cryptoassets on the blockchain and to share the public address for receiving cryptoassets. | In the context of cryptoassets, a wallet is a tool used to store the private password (key) for accessing cryptoassets on the blockchain and to share the public address for receiving cryptoassets. | ||
Wallets do not actually hold cryptoassets since cryptoassets are on the blockchain network. The system of transfer and ownership relates entirely into having the private key to prove ownership of specified units on the blockchain. Cryptoassets are not therefore electronically sent between participants, instead proof of ownership is transferred electronically. | |||
Wallets do not actually hold cryptoassets since cryptoassets are on the blockchain network. | |||
The system of transfer and ownership relates entirely into having the private key to prove ownership of specified units on the blockchain. | |||
Cryptoassets are not therefore electronically sent between participants, instead proof of ownership is transferred electronically. | |||
Revision as of 13:50, 18 June 2023
1. Information technology - payment systems - payment cards.
Abbreviation for electronic wallet, or digital wallet.
2. Information technology - blockchain - cryptoassets.
In the context of cryptoassets, a wallet is a tool used to store the private password (key) for accessing cryptoassets on the blockchain and to share the public address for receiving cryptoassets.
Wallets do not actually hold cryptoassets since cryptoassets are on the blockchain network.
The system of transfer and ownership relates entirely into having the private key to prove ownership of specified units on the blockchain.
Cryptoassets are not therefore electronically sent between participants, instead proof of ownership is transferred electronically.
3. Financial services - share of wallet.
Profitable banking services, from the perspective of the service provider, and bank relationship management.
Especially in the context of that the service providing bank's share of a total amount of business.
4. Money - banknotes - cards.
A physical case for personal banknotes and plastic cards.
