Ledger: Difference between revisions

↑ A cryptocurrency wallet not connected to the internet. These may be hardware devices or any media that can be used to record private keys or seed phrases, like simple pen and paper. Cold wallets are typically used for long-term storage since extra steps are required to broadcast transactions to the network. Physical devices acting as cold wallets are still susceptible to theft, damage, or other types of loss.
↑ A physical device intended to be kept offline in order to securely store the private keys used to access cryptocurrencies and other digital assets.
↑ A cryptocurrency wallet in which the owner has exclusive and full control over the private keys used to authorize transactions of digital assets on a blockchain. Owners of non-custodial wallets are fully responsible for the safety and security of the digital assets they manage.
↑ Acronym - Ethereum Virtual Machine

[1] A cryptocurrency wallet not connected to the internet. These may be hardware devices or any media that can be used to record private keys or seed phrases, like simple pen and paper. Cold wallets are typically used for long-term storage since extra steps are required to broadcast transactions to the network. Physical devices acting as cold wallets are still susceptible to theft, damage, or other types of loss.

[2] A physical device intended to be kept offline in order to securely store the private keys used to access cryptocurrencies and other digital assets.

[3] A cryptocurrency wallet in which the owner has exclusive and full control over the private keys used to authorize transactions of digital assets on a blockchain. Owners of non-custodial wallets are fully responsible for the safety and security of the digital assets they manage.

[4] Acronym - Ethereum Virtual Machine

[1]

[2]

[3]

[4]

@@ Line 7: / Line 7: @@
 |MobileWallet=0
 |HardwareWallet=1
-|CustodialWallet=1
+|CustodialWallet=0
 |NonCustodialWallet=1
 |Bitcoin=1
@@ Line 53: / Line 53: @@
 *[[Glossary#Cold Wallet|Cold Wallet]] <ref>A cryptocurrency wallet not connected to the internet. These may be hardware devices or any media that can be used to record private keys or seed phrases, like simple pen and paper. Cold wallets are typically used for long-term storage since extra steps are required to broadcast transactions to the network. Physical devices acting as cold wallets are still susceptible to theft, damage, or other types of loss.</ref>
 *[[Glossary#Hardware Wallet|Hardware Wallet]] <ref>A physical device intended to be kept offline in order to securely store the private keys used to access cryptocurrencies and other digital assets.</ref>
-*[[Glossary#Custodial Wallet|Custodial Wallet]] <ref>A cryptocurrency wallet in which a third party, such as a cryptocurrency exchange, holds the private keys that authorize and sign transactions. Custodial wallets shift the burden of responsibility and security to the third party, lowering the barrier to entry for many new cryptocurrency users. A certain amount of trust is required, however, since users are reliant on the custodian to take proper security precautions and implement reasonable policies regarding their assets and funds.</ref>
+*[[Glossary#Non-Custodial Wallet|Non-Custodial Wallet]] <ref>A cryptocurrency wallet in which the owner has exclusive and full control over the private keys used to authorize transactions of digital assets on a blockchain. Owners of non-custodial wallets are fully responsible for the safety and security of the digital assets they manage.</ref>
 *[[Glossary#EVM|EVM]] Compatible <ref>Acronym - Ethereum Virtual Machine</ref>

Ledger: Difference between revisions

Revision as of 00:26, 3 October 2024

Notes

Navigation menu