My Knowledge So Far on Blockchain Wallets CryptoGraphy works and the types of Crypto Wallets.

We should first of all know that Blockchain is consist of blocks which are link together in a process known as cryptography. Here, each block has a time stamp, a transaction data( this data is always presented as a Merkle Tree) and a cryptographic hash of the previous block. When ever a block is established so as to have its hash, this is where the time stamp is always considered. Blocks always forms a chain when ever a block contains an information about the previous Blocks with each of the block strengthening the other ones before it. Once a data is recorded here, it can't be change again without changing the subsequent blocs

Now demonstrating it to real life situation, it functions just like the banking system where the bank account number is just like the Crypto Wallet address which you can share it with anyone so that if any person intern to send you assets, he/she will do that ASAP using your bank account details.

Two Crypto wallet can never be the same like that in the Banking system because the more users of Crypto wallet, the more addresses it has become 1 crypto Wallet is entitled to 1 address number. Always ensure that to check the wallet address extremely well before triggering any transaction because once send to a wrong address, it may never be recovered back. But In a Banking system, it will easily be recovered bask because it is less secured than in a Blockchain system. The blockchain always maintain the privacy of the owners wallet so that it can't be hacked by cycber theft

Types of Crypto wallets

a) Cold Wallet
This type of wallet does not need an internet before it works and another name for this type of wallet is called hardware wallet or offline wallet. It can store a user private key and address, it can jointly work with the software In the computer without any problem. Here, it is extremely very difficult to hack the keys since it functions offline.this type of wallet can be put in a hard drive, Memory cards, USB, and so On. An example of this type of wallet is the paper wallet

b)Hot wallet
This is an online wallet that always enables a user to store recieve and send tokens as it connects both the private and Public keys together for easy transaction and it is also secured but highly expose to cyber thefts and could be hacked at anytime than the cold wallet that can't be hacked by cycber thefts. A good example of this type of wallet is the software wallet