Blockchain

Crypto wallet: What is it and how does it work?

January 7, 2022

A crypto wallet is a digital storage for cryptocurrency, and gives the user access to their digital assets for transactions. The first crypto wallet was created by Satoshi Nakamoto, the brain behind the revolutionary cryptocurrency Bitcoin. This was the wallet that held the very first Bitcoin in 2009. The technology that brought about Bitcoin, Blockchain technology, eventually evolved into an industry that today accounts for millions of digital wallets. The only way to receive cryptocurrency is through your wallet address which sits on a particular blockchain. This is done by simply giving the sender your crypto wallet address.

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