08 - Wallets don't hold your crypto they hold your keys
throughthefog.substack.com
One question on the mind of many new crypto users is: “where should I hold my crypto?” “Holding” crypto is a bit of a misstatement. You never actually “hold” bitcoin or any other blockchain-based asset just like the Yapese never held any stone. What we are going to talk about today is controlling your digital assets. Most people control their assets through an exchange like Coinbase, but this industry was built on self empowerment and the ability for anyone to control their wealth without needing a centralized company like Coinbase to help them do so. Blockchains allow participants to do this using something called wallet software. Wallets are a key blockchain innovation but in order to understand them we should first talk about the primary way which users enter this space,
08 - Wallets don't hold your crypto they hold your keys
08 - Wallets don't hold your crypto they hold…
08 - Wallets don't hold your crypto they hold your keys
One question on the mind of many new crypto users is: “where should I hold my crypto?” “Holding” crypto is a bit of a misstatement. You never actually “hold” bitcoin or any other blockchain-based asset just like the Yapese never held any stone. What we are going to talk about today is controlling your digital assets. Most people control their assets through an exchange like Coinbase, but this industry was built on self empowerment and the ability for anyone to control their wealth without needing a centralized company like Coinbase to help them do so. Blockchains allow participants to do this using something called wallet software. Wallets are a key blockchain innovation but in order to understand them we should first talk about the primary way which users enter this space,