Day 5 of #100daysofsolana
Wallet are a means of authenticating an identity on blockchain apart from their other use of storing funds in them. It can be comparable to a google account which we use to sign in/up on different platforms on the internet
Over the past days I learnt about solana wallets and some of their types which includes - CLI wallets, Wallet extensions, mobile wallet.
CLI wallet: This is a wallet created on a computer terminal .
When is it used?
This is usually used in development i.e when writing script and testing a program
It has a shortfall, the private key is stored in a file on a computer which can be read by anyone who has access to the computer. Real money can't be stored in it.
Browser extension wallet: This encrypt private keys, add password layer to prevent unaauthorized access, approves or disapprove transactions whenever a site requests of it. This is safer than CLI wallet and allows for interaction with decentralised applications(dApps)
Mobile wallet: This has an additional layer of protection, it supports biometrics authentication(FaceId and fingerprint) alongside password. Real money can be stored on it.
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