Coinprism

Meaning of Coinprism It is one of the first crypto wallet service provider but which focused only on coloured coins wallet for Bitcoin. Founded: 2014 Closed Down Service: March 31st, 2018 Website: https://www.coinprism.com/ SocialMedia: Twitter.com/coinprism || Facebook.com/coinprism || Plus.google.com/109866598728356866398

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Wallet

Meaning of Wallet It is a digitally secured place to store your coin/token to keep it safe, just like your bank account, pocket or purse. Some wallet platforms are multi-wallet and stores more than a coin/token.

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Lite Wallet

Meaning of Lite Wallet A lite wallet describes a crypto currency wallet which remotely, over randomly selected nodes, connects to the blockchain. This eliminates the need for a blockchain download, saving users a massive amount of time, space and nerves. This approach was first developed by SuperNET on top of Nxt. Waves also uses this […]

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Hardware Wallet

Meaning of Hardware Wallet Hardware wallets are physical devices like flash drive but built to keep only cryptocurrency offline to protect from hackers, virus or forgeting your private keys and other essentials to make your crypto investment safer. Some of existing hardware wallets are LedgerNano S, Trezor, Keepkey etc.

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Hot Wallet

Meaning of Hot Wallet This refers to any crypto wallet connected to the internet, usually to aid day-to-day use of the coins/token stored in it. Example of Hot wallet is an exchange wallet used for trading. See Cold Wallet!

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Desktop Wallet

Meaning of Desktop Wallet This is a type of cryptocurrency wallet that user can download and use on their desktop computer and more secured than online wallet because individual can control their account thereby reducing risk of been affected by hack on the wallet provider central server. Though the wallet owner is solely responsible for […]

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Cold Wallet

Meaning of Cold Wallet This refers to any crypto wallet that is not directly connected to the internet, usually used as a means of backup to reduce the risk of hack and loss of crypto funds. See Hot Wallet!

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