Cryptocurrency storage is very important but is complex and difficult, which requires a lot of expertise as well as high technology to ensure safe storage of user assets. To do this we need to understand the concept: what is Cryptocurrency Wallet?
What is Cryptocurrency Wallet?A cryptocurrency wallet or Wallet is like computer software for storing public keys and private keys to help users interact with the blockchain network through which users can deposit and withdrawal money. To sell or buy any cryptocurrency you must have a wallet to store.
How does cryptocurrency wallet work?Wallets are being used by millions of people every day on a variety of platforms such as phones, computers. In order to serve the needs of the user, we will create multiple platforms for different types of wallets. However, they have the same mechanism of action.
All transaction information will be stored on the Blockchain network. In essence, a cryptocurrency wallet is just a program computer to store a public key and private key as well as transaction with Blockchain, so users can track deposits, withdrawal, transact and some other activities. When you want to send or receive any cryptocurrency, the wallet is responsible for signing the claim into your wallet address.
In order to be able to transact the money in the wallet, public keys and private keys must match the keys stored in the Blockchain network. Once the keys are matched the balance in your wallet will increase and the amount in the purse wallet will decrease accordingly. These transactions are executed simply by creating a data record on the blockchain and the corresponding change in the wallet.
Cryptocurrency wallet creation platformMobile platform: The wallet on this platform that is launched under a mobile app and stores public and private key pairs. Through this application people can connect to the blockchain network. Wallet on the phone will help users to make transactions much simpler, can be traded anytime and anywhere through the internet.
Computer platform: This platform will be created, installed on the computer and connected to the blockchain network via the internet. The computer will also store the key pair as it is on the mobile device. The computer will be designed to be as secure as possible because the personal computer is one of the most vulnerable.
Online wallet platform or hot wallet: This is one of the platforms that most cryptocurrency has. The system is designed by coin developers to make it possible for users to directly store the coin online via the website they provide.
How to start developing cryptocurrency wallets on different platforms?In Vietnam, Vakaxa is a leading technology company in building cryptocurrency wallet applications on different platforms. At present, Vakaxa will provide you with solutions to develop various types of cryptocurrency wallets on various platforms, mobile applications, PCs or other types of wallets in the most optimal way.
With a team of enthusiastic and experienced engineers, and a professional management process to help customers feel most satisfied. We always improve our processes and technologies, so we can adapt to the changes in technology.
For more information please contact:Vakaxa Technology Joint Stock Company
Head office: Room 2512 The Light Building – Trung Van – Tu Liem – Hanoi – Vietnam.
Hotline: +84963.324.888
Email:
Support@vakaxa.comWebsite: Vakaxa.com
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