Purpose of a Wallet

As we’ve previously mentioned, Bitcoin is all about granting real-world entities virtual identities.

Through these Bitcoin identities, we can easily authenticate ownership and send bitcoins between users.

Also as mentioned previously, the private key is what unlocks a virtual identity. It’s what gives access to a Bitcoin address.

But how do we actually protect these private keys?

How do we make sure that we’re not subject to identity theft?

Types of Wallets