Monday, December 6, 2021

What is a cold wallet and a hot wallet

A wallet is a tool for storing and using digital currency. One coin corresponds to a wallet. Used to store currency, or "transaction" currency.

Cold wallet

A cold wallet is a wallet that is not connected to the Internet, also called an offline wallet.

Hot wallet

A hot wallet is a wallet that stays online, that is, an online wallet. Cold wallets are safer than hot wallets if they are not connected to the Internet.

The average person does not actually need such a professional and safe cold wallet, just use a hot wallet.

However, the platform for issuing the currency must be used. A series of theft events such as "Ethereum forked Ethereum for the most stolen currency" and "Bitcoin virus extortion" are enough to prove the "importance of offline wallets". . When you don’t need to use coins, put the coins in the cold wallet and cut off the Internet connection, so that even hackers will have no way to attack and steal your coins. Because no one can guarantee the absolute security of the Internet 100%, in order to stolen digital currency, you can store the currency in a cold wallet, and then transfer it to the hot wallet when you need it.


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