Crypto wallet

Information technology - blockchain - cryptoassets.

A crypto wallet is a tool used to store the private password (key) for accessing cryptoassets on the blockchain and to share the public address for receiving cryptoassets.

Wallets do not actually hold cryptoassets since cryptoassets are on the blockchain network.

The system of transfer and ownership relates entirely into having the private key to prove ownership of specified units on the blockchain.

Cryptoassets are not therefore electronically sent between participants, instead proof of ownership is transferred electronically.

See also

• Blockchain
• Cryptoassets
• Digital wallet
• Electronic wallet
• Information technology
• Key
• Share of wallet
• Wallet
• Wallet provider