- Physically owning it (e.g. your cash in your wallet)
- Legally owning it (e.g. your property)
- or some other form of ownership like voting control
As an extension of the crypto and blockchain-related articles, today’s topic is about how you can store cryptocurrencies that you own.
Crypto wallets come in two forms – custodial solutions where third parties such as exchanges have control over your cryptocurrencies; and non-custodial solutions where you have control your cryptocurrencies.
Let’s take a step back to understand the bigger picture.
Cryptocurrencies are a radically new form of technology where your assets are stored on the blockchain instead of in an account (e.g. bank account, custodial account) somewhere.
Crypto wallets are just the front-end (i.e. user interface) to interact with the blockchain.
Introduction to the Blockchain
In a traditional ownership model, when you own something, you can prove it either by…
