Question

What is a decentralized wallet?

Answer 1

A decentralized wallet is a type of cryptocurrency wallet that allows users to have full control over their funds and transactions without the need for a central authority or intermediary. This type of wallet operates on a blockchain network and provides users with the ability to manage their own private keys, ensuring security and privacy in their transactions.

Answer 2

A decentralized wallet is a type of cryptocurrency wallet that allows users to have full control over their funds and transactions without relying on a central authority. It enables users to manage their own private keys and securely store various cryptocurrencies without the need for an intermediary. Examples of decentralized wallets include hardware wallets like Ledger and Trezor, as well as software wallets like MetaMask and Trust Wallet.