Secure Cryptocurrency Hardware Wallets

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If you are actively involved in cryptocurrency, you should be conservative and protect your digital assets using various cryptocurrency wallets. A cryptocurrency wallet is essentially a software program which stores cryptographic keys and interacts with blockchains for users sending and receiving cryptocurrencies as well as checking their balances. Unlike a traditional wallet in your pocket, a cryptocurrency wallet, doesn’t store currency, but instead stores all the private keys associated with the generated wallet addresses. Those private keys are utilized to unlock the funds in your wallet and sign off the ownership of cryptocurrencies. Cryptocurrency wallets can be classified into two categories, namely <em>hot wallets</em> and <em>cold wallets</em>. While hot wallets are meant to be used on a daily basis and typically connected to the Internet to quickly access the blockchain, cold wallets are mainly kept offline for less exposure and utilized for long-term storage of cryptocurrencies. In practice, hot wallets can be implemented as desktop, online or mobile applications, whereas cold wallets include paper and hardware wallets. This blog post focuses on hardware wallets, one of the most secure types of cryptocurrency wallets.