Is hot wallet decentralized

1. Centralized wallet, also known as off Chain Wallet, completely depends on the company and server running the wallet. bitcoin stored in the exchange is stored in the centralized wallet (off Chain Wallet). The private key is not owned by the user, but in the wallet project side of the centralized server hosting chain, the fund is usually entrusted to the server
private keys and assets are transferred to the wallet for centralized management. Users don't need to worry about the loss of the private key of this kind of wallet procts, resulting in the loss of funds; However, the capital risk will be more concentrated in the wallet project side and server side. When the centralized wallet is conquered by hackers, users will suffer unnecessary losses
decentralized wallets, commonly known as onchain wallets, have private keys maintained by users and assets stored in blockchains
decentralized wallets are often referred to as onchain wallets. The private key is handed over to the user. If the private key is lost, the wallet will not be able to help the user recover, and the funds will be lost forever. But the decentralized wallet is difficult to be attacked by hackers, and users don't have to worry about the self stealing of the wallet service provider
centralized wallets are where assets are stored, while decentralized wallets are where private keys are stored
except for the exchange, it is not recommended to use the centralized wallet, although losing the private key may help you find it. But there is always a risk that the company will run
a decentralized wallet is equivalent to a channel, a channel where you can master mnemonics to control your assets on the blockchain. For a decentralized wallet, the most important thing is to protect the security of the [private key]
the application fields of blockchain include digital currency, token, finance, anti-counterfeiting traceability, privacy protection, supply chain, entertainment, etc. with the popularity of blockchain and bitcoin, many related top domain names have been registered, which has a great impact on the domain name instry.

2. Centralized wallet, also known as off Chain Wallet, completely depends on the company and server running the wallet. Bitcoin stored in the exchange is stored in the centralized wallet (off Chain Wallet). The private key is not owned by the user, but in the wallet project side of the centralized server hosting chain, the fund is usually entrusted to the server
private keys and assets are transferred to the wallet for centralized management. Users don't need to worry about the loss of the private key of this kind of wallet procts, resulting in the loss of funds; However, the capital risk will be more concentrated in the wallet project side and server side. When the centralized wallet is conquered by hackers, users will suffer unnecessary losses
decentralized wallets, commonly known as onchain wallets, have private keys maintained by users and assets stored in blockchains
decentralized wallets are often referred to as onchain wallets. The private key is handed over to the user. If the private key is lost, the wallet will not be able to help the user recover, and the funds will be lost forever. But the decentralized wallet is difficult to be attacked by hackers, and users don't have to worry about the self stealing of the wallet service provider
centralized wallets are where assets are stored, while decentralized wallets are where private keys are stored
except for the exchange, it is not recommended to use the centralized wallet, although losing the private key may help you find it. But there is always a risk that the company will run

a decentralized wallet is equivalent to a channel, a channel to control its own assets on the blockchain by mastering mnemonics. For a decentralized wallet, the most important thing is to protect the security of the [private key]

the application fields of blockchain include digital currency, token, finance, anti-counterfeiting traceability, privacy protection, supply chain, entertainment, etc. with the popularity of blockchain and bitcoin, many related top domain names have been registered, which has a great impact on the domain name instry.

4.

For users,

may be more convenient,

but it hasn't been realized yet

5. Atoken wallet is a strictly decentralized wallet. The official promises not to save the user's mnemonics and private keys. As long as the user keeps the mnemonics and private keys, the digital assets will be in a safe state. There are many wallets in the market that are centralized. Users should pay attention to the risks when using them. Centralized wallets mean that the password and key of assets can be obtained. So digital wallet is better to choose decentralization.

6. The representative of all nodes is bitcoin core
core wallet, which needs to synchronize all blockchain data and takes up a lot of memory, but it can be completely decentralized. Light wallet relies on other all nodes in bitcoin network, only synchronizes data related to itself, which can basically achieve decentralization. Centralized wallet does not rely on bitcoin network, all data are obtained from its own centralized server, but the transaction efficiency is very high, and it can be received in real time. The account you register in the transaction platform is the centralized wallet.

7. Hello, ulord wallet belongs to decentralized wallet, the code is open source, you can rest assured to deposit money in it
to operate the ulord wallet, you need to download "Youyi" first, and then create your own wallet.

8. The safety factor of the decentralized wallet is much higher than that of the traditional centralized wallet, and it will not suffer losses e to the failure of the center.

9. There are many kinds of digital asset wallets. I'll try to make it as simple as possible

according to whether to run the whole node, it can be divided into full node wallet and light wallet. The full node wallet refers to the wallet that synchronizes all the blockchain data, while the light wallet only retains part of the data related to itself. We usually use the light wallet
according to whether the wallet is connected to the Internet, it can be divided into hot wallet and cold wallet. Hot wallets are wallets that stay online, also known as online wallets. A cold wallet is a wallet that is not connected to the Internet, also known as an offline wallet. It is usually a computer, hard disk or paper with a private key written on it that is not connected to the Internet. Generally speaking, a cold wallet is more secure than a hot one because it is not connected to the Internet and the private key can hardly be stolen
according to the different ways of private key storage, wallet can be divided into decentralized wallet and centralized wallet. Decentralized wallet means that the private key is not stored and managed by a third party, but generated and managed by users themselves. If the private key is lost, it will not be retrieved. The storage of the private key of the centralized wallet is managed by the platform. Users log in with their accounts, and the exchange wallet belongs to this category
at present, the well-known wallets on the market include Bitian, imtoken, Galaxy wallet, Cobo wallet, etc.

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