4 years agoBy Dr Taylor Macintosh
Cryptocurrency wallets used to receive, store and send cryptocurrencies are usually divided into two categories: hosted and cold wallets.
Hosted wallets, or hot wallets, are software that can be accessed via the website of a wallet service provider and are the more widespread option owing to their ease of use, convenience and constant availability.
Access to the funds stored on a wallet is secured by a single or multiple private keys in the cases of single-signature or multisig wallets respectively. If the private keys become compromised, for example, as a result of theft or via a phishing attack, the funds stored on the wallet may end...
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