Episode Details

What Is a Blockchain Wallet Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. A blockchain wallet is an online wallet with which users store and manage their digital assets. These assets could include cryptocurrencies, tokens, non-fungible tokens called NFTs, or more. The wallet maintains the links to networks, applications, and other systems. The wallet has a password for user access and can be recovered using a seed phrase in case the password is lost. The wallet does not physically hold the digital assets but rather holds the links to those assets. The wallet has a public key and a private key. The public key is an address for the wallet and can be used as a means of identifying the wallet. The private key acts as a password. The private key is used to ensure the security of the wallet to which the user is the only one who has access. Web2 applications use the login/password method to provide user access. The problem here is that the public key and the private key are the same. By placing a network token into your wallet you can gain access to that network. The user controls their data through the wallet rather than login/password access.   Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let’s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at:   Check out our other podcasts here:   For Investors check out:   For Startups check out:   For eGuides check out:   For upcoming Events, check out    For Feedback please contact info@tencapital.group    Please , share, and leave a review. Music courtesy of .