All Posts Tagged “Wallets” | SwapSpace Blog

Cryptocurrency wallets are essential for storing and exchanging digital assets. However, they are not immune to hacks. In an unfortunate turn of events, Atomic Wallet, one of the leading cryptocurrency wallets, recently fell victim to a devastating security breach. SwapSpace team has managed to suspend pinged transactions and save users’ funds,

Ledger Recovery is a new feature available for Ledger Nano X hardware wallets, which enables users to create a backup of their recovery phrase. This backup can be used to restore the wallet in case the original recovery phrase is lost. The backup is stored with an external service. The Ledger Recovery service is available through a paid subscr

After a couple of years ago when Bitcoin was one of the only currencies to provide privacy, Monero came to the stage. It’s a robust coin that allows users to enjoy full anonymity and have their privacy respected. It was created back in 2012 and thereby came multiple Monero Wallets.  What Is a Monero Wallet? A Monero wallet is a form of so

What Is Tether Wallet? Tether wallet is a place to store one of the most interesting financial instruments in the cryptocurrency industry – Tether . It is a digital coin whose main property is the provision with real money from the Tether Limited fund. In fact, the fund controls and holds the entire “ flow ” of money that is currently involved i

The last few years have been absolutely spectacular for cryptocurrencies as their popularity has increased exponentially every day. Among those thousands of cryptocurrencies that exist, one can find Ripple (XRP) , currently the fourth in value. Ripple’s success can be attributed to several reasons like the fact that the company has managed to get

What is an Ethereum wallet? An Ethereum wallet is a piece of software that allows you to store, send, and receive your ETH safely. Ethereum itself is a brainchild of Vitalik Buterin, a Russian-Canadian genius who saw limits to the original Bitcoin protocol. After thinking about every single detail, the Ethereum Foundation held an ICO and ra

What is a multicurrency wallet and why do you need it? A multicurrency wallet is a program responsible for storing one’s public and private keys and carrying out operations with numerous owned crypto assets. It allows you to send, receive, and check the available balance of your cryptocurrencies. Why are they important? They are totally neces

What is a Litecoin wallet? Litecoin is one of the oldest cryptocurrencies in the blockchain industry. It’s an open-source altcoin that has been prominent in terms of market capitalization for the past years. It survived many bear markets, went through bull runs, and showed its strength over the years. As soon as you start getting into Li

In times like these, we’re reminded of how precious the invention of Bitcoin is to our modern society. With new money being created on a daily basis, the term inflation is now an understatement. Meanwhile, Bitcoin recently underwent a block reward reduction known under the name of the halving . That means, for every block that’s produced the rewa

GUSD, or Gemini Dollar , is an ERC-20 crypto developed by the Gemini Trust Company — a New York-based trust overseen by the Department of Financial Services. GUSD is a USD-pegged stablecoin : a single Gemini Dollar is equivalent to the USD at a 1:1 ratio and offers little to no fluctuation in price. Gemini holds the funds that back their crypto

IoTeX is an innovative privacy-conscious blockchain with a vision to power the Internet of Things (IoT). IoT is a name for the system that encompasses all existing smart devices that can connect to the internet. The concept behind IoTeX – creating the Internet of Trusted Things – builds on the idea of the IoT. The IOTX platform combines a blockc

Paxos Standard — or PAX — is an ERC-20 stablecoin created by the Paxos Trust Company. PAX maintains a 1:1 ratio to the US Dollar with the reserves to back up the token stored, audited, and protected by the company. With the stablecoin fully backed by an equivalent amount of USD , it can be redeemed for US Dollars at any time. Paxos crypto c