08-31-2022, 10:03 PM
A Crypto Wallet is NOT what you think It is.
<!-- SC_OFF --><div class="md"><p>If you are new here, please read this. </p> <p>Your crypto isn't actually in your "wallet." It's on the blockchain. Your wallet simply gives you the ability to access and reassign these funds to someone. Logically, it helps to think of your crypto as being in your physical possession in your wallet, but your wallet is really more of a key that unlocks a public ledger that allows you to reassign your tokens to different person or key on the ledger.</p> <p>Just thought I'd share this since I noticed that a lot of users don't know this.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/certfied_dumbass"> /u/certfied_dumbass </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/x2eykd/a_crypto_wallet_is_not_what_you_think_it_is/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/x2eykd/a_crypto_wallet_is_not_what_you_think_it_is/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>If you are new here, please read this. </p> <p>Your crypto isn't actually in your "wallet." It's on the blockchain. Your wallet simply gives you the ability to access and reassign these funds to someone. Logically, it helps to think of your crypto as being in your physical possession in your wallet, but your wallet is really more of a key that unlocks a public ledger that allows you to reassign your tokens to different person or key on the ledger.</p> <p>Just thought I'd share this since I noticed that a lot of users don't know this.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/certfied_dumbass"> /u/certfied_dumbass </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/x2eykd/a_crypto_wallet_is_not_what_you_think_it_is/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/x2eykd/a_crypto_wallet_is_not_what_you_think_it_is/">[comments]</a></span>