Sentences with phrase «third type of wallet»
The third type of wallet is called web wallet.
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When it comes to private keys, there are two types of wallets: wallets that give you control over your private keys, and wallets that store your private keys in a private server owned by a third - party.
The key element of the service is MiraBox, the encrypted container file, that can store one or multiple types of tokens off - chain, providing better protection for savings than any third - party storage, like exchanges or wallets.
This type of verification relies on a third - party service or website to let the wallet service know if a transaction can be trusted or not.