What is imToken Wallet and what type of wallet does imToken belong to?
imToken Wallet is an article written by Li Hua from the imToken Wallet(ID: bitc
imToken Wallet is an article written by Li Hua from the imToken Wallet(ID: bitcoin-wallet), published with authorization from the Planet Daily.
Introduction: In the world of blockchain, there are two types of users who need personal information, such as personal bank accounts, passwords, and identity verification codes. If no one is willing to store these assets on their phones or networks, then they would not be able to access related financial services. However, imToken Wallet can provide users with digital currency addresses and transaction history, allowing for secure and private usage. Why does imToken Wallet do this? It’s not just a regular wallet; it is actually a decentralized hardware wallet. It has three main functions: 1) allowing users to make direct transactions without worrying about losing private keys like regular wallets, 2) enabling more people to participate in transactions through wallet management, and 3) being a professional wallet at the application level that supports the creation of multi-currency wallets. However, due to the characteristics of imBTC, it doesn’t have any particular advantages, so many users choose to develop their own wallets. Therefore, currently, imToken Wallet only allows user login and cannot directly interact with other wallets. Nevertheless, it does provide a convenient and efficient way for daily payments, which is one of the main features of imToken Wallet. Apart from the wallet itself, imToken Wallet also has certain security and stability. It can also serve as a third-party custody tool to protect the security of encrypted assets. The principle of imToken Wallet is to build it on top of the Ethereum blockchain based on the underlying technology of Bitcoin. Although many projects are currently trying to use Bitcoin as the underlying technology solution, imToken Wallet has to face this reality before it can be implemented.
What type of wallet does imToken belong to?
According to official information from imToken Wallet, users can directly transfer their digital assets to the exchange they want to use. imToken Wallet can be divided into three categories: decentralized trading and decentralized storage. In decentralized applications, in addition to wallets, there are various dApps, dApp, and various games, etc. What type of wallet does imToken belong to?
According to the official introduction, in imToken Wallet, we can store digital currencies on the blockchain network and manage and use them transparently. Currently, imToken is a multi-chain smart contract wallet based on Ethereum.
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