Review on Bitcoin Wallet by Adejoh Samuel
Bitcoin wallet, A software program for storing bitcoins
Bitcoin wallet, as the name implies, is a software program that stores bitcoins. Bitcoins are not stored anywhere. As not all wallets supports bitcoin.
Bitcoin wallet since its revolution , as been competitive in the crypto market. Making it a reliable and trusted wallet. In bitcoin wallet, there is a private key that corrrspond to the address of the bitcoin wallet. It is with this private key, the user can have access to the wallet.
Bitcoin wallet facilitates the sending and receiving of bitcoins. In bitcoin wallet, instead of storing your physical currency, the wallet stores relevant information like the private key, which can be use to access the wallet address, inorder to carry out your transaction. The bitcoin wallets comes in different forms, but the main ones are the desktop wallet, physical wallet, mobile wallet and web wallet.
When it comes to security, bitcoin wallet has high level of security, as the the user can make his wallet more secure by creating a strong password to his private key. The user can also make use pf the cold storage option, to save his address wallet even when he is offline.
Pros
- provides private keys to its user
- facilitates sending and receiving of bitcoins
- A secure wallet for bitcoins
Cons
- supports only bitcoins
