Depending on the location when backing up the private key, it can be divided into decentralized wallet (On-chain wallet) and centralized wallet (Off-chain wallet). Decentralized wallet allows users to control their private keys and provide options to store them on their offline devices, as all data and transactions are traceable on the blockchain, it's can also be called "On-chain wallet"; Private key stored on the server are essentially controlled by the manufacture, which also known as centralized wallet, as all data and transactions are kept on the server instead of blockchain, it's also referred as Off-chain wallet.
ViaWallet is a decentralized app, it allows users to have full access to their private keys and save it on their offline devices, and all data and transactions are traceable on the blockchain.
Comments
0 comments
Article is closed for comments.