About Wallets

#web3 #blockchain #bitcoin

In this article I'm going to talk about Wallet, Crypto Browser and Crypto Wallets, these words have emerged along with Web 3.0. Browser wallet extensions are essential tools for exploring Web 3.0. They allow users to explore and interact with various decentralized services and applications (dApps).

Reading map:

Introduction
What Are Crypto Wallets?
Blockchain Wallet
Crypto Browser or CryptoTab Browser
Forgot your password, now what?
Security
Conclusion

Introduction
The new generation of the Internet, Web 3.0, may still take some time to take its final shape. But the Opera Crypto Browser takes another step in this direction by allowing users to connect their Metamask wallets to the browser.

In addition to one of the main cryptocurrency wallets on the market, Opera - the company behind the browser - will also add other wallets to the operation. According to the developers' own statistics, there are more than 21 million active Metamask addresses.

What Are Crypto Wallets?
Unlike traditional securities that are typically bought, sold and held through a brokerage house, cryptocurrencies allow investors to manage and transfer their assets entirely peer-to-peer. For some, a major attraction of the digital-asset ecosystem is the ability to take custody of assets without the need for intermediaries like banks and brokers. Unfortunately, that means if you lose the seed phrase or private key to the wallet that holds your tokens– equivalent to passwords for online investment accounts–you lose your crypto. There is no email recovery or customer support in the world of self-custodied cryptocurrency wallets.

source: https://wallpaperaccess.com/dark-4k

*Blockchain wallet: *
It's a mechanism that allows you to store cryptocurrencies and make transfers using your computer or cell phone. It is usually a piece of software or hardware that allows a user to store their cryptocurrency, but it can also take other forms such as paper wallets. Just as browsers are for the Internet, allowing a user to access web pages, digital wallets are for cryptocurrencies, allowing cryptocurrency transactions to be made easily, securely and with access to decentralized applications.

Digital wallets have emerged in order to facilitate the use of cryptocurrencies and make their storage more secure. Unlike money in a traditional (fiduciary) bank account, where the account is associated with a user profile with personal information about the holder and an account number, cryptocurrencies don't necessarily need a similar structure to be stored.

Digital wallets work like a screen interacting with the Blockchain. To send bitcoins or any other type of digital currency to a digital wallet, a user is signing the cryptocurrency with a private key to the wallet address. To be able to spend these coins, the private key stored in the user's wallet must match the public address to which the cryptocurrency is assigned, and if this match happens, the cryptocurrency will be assigned to the wallet.

This transaction is recorded on the Blockchain so that it cannot be altered or deleted.

Self-custody digital cryptocurrency wallets, such as those that do not require KYC (Know Your Customer), do not store users' personal information, which ensures a high level of anonymity in transactions. However, this does not mean that transactions are carried out in a hidden way. All transactions are transparent and can be publicly verified using network scanners or blockchain explorers. These explorers work like an open ledger, allowing anyone to consult the operational records on the blockchain, guaranteeing the integrity and traceability of all operations.

Crypto Browser or CryptoTab Browser
is a platform for beginners that allows you to mine cryptocurrencies easily while surfing the internet. It also offers additional features such as Cloud Boost, mining farms, pools and an affiliate program, which can significantly increase your earnings.

Try CryptoTab - the world's first browser with mining features. Earn BTC without having to watch videos, chat or play online games. Join the community of over 35 million users worldwide who already enjoy the CryptoTab Browser.

5 reasons to use CryptoTab Browser
CryptoTab is a flexible solution that gives you all the tools you need to explore and surf the web. It also has a number of unique features that set it apart from the competition.

Mining during web surfing
Exclusive mining algorithms
Easy transition from Chrome
All Chrome extensions
Available on all devices

Forgot your password, now what?
If you can't remember your password, the first step is to identify what type of wallet you're using. Is it a hardware wallet, like Ledger or Trezor? Or is it a software wallet, such as Electrum or Bitcoin Core? The recovery process depends on the type of wallet you have. Find out more about restoring the Bitcoin Core password or restoring the Electrum password.

Next, check to see if you still have your 12- or 24-word seed phrase. If you do, great news! You can restore your wallet on another device using the phrase and create a new password during setup. Once again, the process may vary slightly depending on the wallet you have, for more information, see the sources below.

Security
Digital wallets are no joke when it comes to protecting your data. Here's what guarantees your security:

Biometrics or facial recognition: Only you can authorize payment.
Advanced encryption: Your data is protected from end to end.
NFC technology: Contactless payments.
Tokenization: Your card details are replaced by a unique code with every purchase.

Conclusion
I have a Metamask wallet, and I know how important it is from now on, I know you're thinking, one more password to keep, exactly. Only this time it's a lot of words and not just a number you've chosen, the passwords are chosen by the system and you have to keep them safe in analog mode, what's that? who said paper, that's right, you have to keep them under lock and key on a piece of paper, because if you keep them on your computer and a hacker gets hold of them, you'll lose everything, because you'll have no one to turn to, and of course you already know this if you've read the article or on the internet.

Sources:

DEV Community

About Wallets

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