TY - CHAP
T1 - Cryptocurrency Wallets
T2 - Assessment and Security
AU - Nowroozi, Ehsan
AU - Seyedshoari, Seyedsadra
AU - Mekdad, Yassine
AU - Savaş, Erkay
AU - Conti, Mauro
PY - 2023
Y1 - 2023
N2 - Digital wallet as a software program or a digital device allows users to conduct various transactions. Hot and cold digital wallets are considered as two types of this wallet. Digital wallets need an online connection fall into the first group, whereas digital wallets can operate without internet connection belong to the second group. Prior to buying a digital wallet, it is important to define for what purpose it will be utilized. The ease with which a mobile phone transaction may be completed in a couple of seconds and the speed with which transactions are executed are reflection of efficiency. One of the most important elements of digital wallets is data organization. Digital wallets are significantly less expensive than classic methods of transaction, which entails various charges and fees. Constantly, demand for their usage is growing due to speed, security, and the ability to conduct transactions between two users without the need of a third party. As the popularity of digital currency wallets grows, the number of security concerns impacting them increases significantly. The current status of digital wallets on the market, as well as the options for an efficient solution for obtaining and utilizing digital wallets. Finally, the digital wallets’ security and future improvement prospects are discussed in this chapter.
AB - Digital wallet as a software program or a digital device allows users to conduct various transactions. Hot and cold digital wallets are considered as two types of this wallet. Digital wallets need an online connection fall into the first group, whereas digital wallets can operate without internet connection belong to the second group. Prior to buying a digital wallet, it is important to define for what purpose it will be utilized. The ease with which a mobile phone transaction may be completed in a couple of seconds and the speed with which transactions are executed are reflection of efficiency. One of the most important elements of digital wallets is data organization. Digital wallets are significantly less expensive than classic methods of transaction, which entails various charges and fees. Constantly, demand for their usage is growing due to speed, security, and the ability to conduct transactions between two users without the need of a third party. As the popularity of digital currency wallets grows, the number of security concerns impacting them increases significantly. The current status of digital wallets on the market, as well as the options for an efficient solution for obtaining and utilizing digital wallets. Finally, the digital wallets’ security and future improvement prospects are discussed in this chapter.
KW - Blockchain
KW - Cryptocurrencies
KW - Cryptowallet
KW - Cybersecurity
KW - Digital wallet
KW - Security
KW - Transactions
UR - http://www.scopus.com/inward/record.url?scp=85153891082&partnerID=8YFLogxK
U2 - 10.1007/978-3-031-25506-9_1
DO - 10.1007/978-3-031-25506-9_1
M3 - Chapter
AN - SCOPUS:85153891082
T3 - Advances in Information Security
SP - 1
EP - 19
BT - Advances in Information Security
PB - Springer
ER -