Читать книгу The Book about Cryptocurrency №1. Second edition expanded - Viacheslav Nosko - Страница 14

When man invented money as an equivalent of goods and services, at first it was simply kept in pockets, then wallets, sacks, chests, kegs and other containers appeared.

But, as you can see for yourself, gold coins or bills can be in circulation by themselves. Digital money, which in reality cannot be touched or tasted, cannot exist without wallets.

Basically, what is a digital wallet? It is a program or an encrypted and secure record of your account.

The program can be installed on your computer’s hard drive or on your smartphone. To conduct transactions, the program on the Bloxxhain network confirms its legitimacy and enters the transaction data into a registry.

We have already on the pages of this book talked about security and all the precautions you need to take when working with cryptocurrency.

Remember that the principle «don’t put all your eggs in one basket» is more relevant here than ever. It is desirable to distribute all your digital assets in different wallets, as force majeure, hackers’ attacks, your inattention can significantly empty your cryptocurrency account if it exists only in one place and only bitcoins are stored on it.