## Cryptocurrency Wallets

![image.png](https://ipfs.busy.org/ipfs/QmdAWpZpHiT5VBj23cHgSMRMFNoaaSZy7Kxr92eJ8NwxUE)
Source: [MyBitcoin](https://www.mybitcoin.com/top-7-most-recommended-cryptocurrency-wallets-for-storing-bitcoin/)

Cryptocurrency Wallets are basically private-public key infrastructure based mechanisms that allow for storing and using virtual currencies. In principle, these wallets can store anything of value that can be represented as computer code, from digital cash to certificates, real estate documents, personal IDs, etc. Wallets form an important part of the cryptocurrency space as they are the mechanism for transfer of value from one entity to another, and at the same time provide security through the infrastructure they are built on.



Cryptocurrency Wallets are derived from a private key, from which a public key(s) can be continually generated. The private key allows the user to spend the value stored, while the public key allows for receiving value from other wallets. The public keys are usually represented as a hexadecimal code, that can be distributed through any medium to receive funds. The public key cannot be traced back to a private key, but a single private key can be used to generate an almost innumerable amount of public keys.
![image.png](https://ipfs.busy.org/ipfs/QmXnahRhTkGn5P2YkiS1MnmppEZDwWT1zHZnQvyiDq9fcz)
Source: [HackerNoon](https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwid7NiKho7hAhURbo8KHWurBcoQjhx6BAgBEAM&url=https%3A%2F%2Fhackernoon.com%2Funderstanding-what-cryptocurrency-wallet-is-and-how-it-works-d68499480b48&psig=AOvVaw0P6Q3NBdaYRUa9HIBwfyPI&ust=1553079482028098)
- SB


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**Crypto Analysis Series**

- [Part 1 - Basic Attention Token and How It's Revolutionizing the Internet](https://steemit.com/cryptocurrency/@reverseacid/crypto-analysis-series-part-1-basic-attention-token-and-how-it-s-revolutionizing-the-internet)
- [Part 2 - Golem Network Token as a Potential Giant Killer](https://steemit.com/cryptocurrency/@reverseacid/crypto-analysis-series-part-2-golem-network-token-as-a-potential-giant-killer)
- [Part 3 - Augur and the Future of Decentralized Predictions Markets](https://steemit.com/augur/@reverseacid/crypto-analysis-series-part-3-augur-and-the-future-of-decentralized-predictions-markets)
- [Part 4 - Dogecoin - Such Meme, Much Value](https://steemit.com/doge/@reverseacid/crypto-analysis-series-part-4-dogecoin-such-meme-much-value)
- [Part 5 - Zilliqa](https://staging.busy.org/@reverseacid/crypto-analysis-series-part-5-zilliqa)
- [Part 6 - IOTA](https://steemit.com/@reverseacid/crypto-analysis-series-part-6-iota)

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