Difference between revisions of "Wallets"

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(→‎Mobile: removed "Closed Source" from Shango as there is (some?) source code on github but I cannot verify if this code is the same they use to build the Android app)
(Added Functionality section to page)
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= Functionality of wallets =
{{TODO|Please add more details to wallet functionality.}}
Wallets are considered [[Layer-3]] applications. Wallets use the Lightning Network (a [[Layer-2]] protocol) which is a [[payment]] protocol to provide wallet functionality.
[[Non-custodial]] wallets create, manage and use private [[Layer-1]] [[keys]] that hold funds. Such [[private keys]] are for example [[Bitcoin]] or [[Litecoin]] keys, corresponding to the [[Layer-1]] blockchain.
[[Custodial]] wallets are usuallu [[thin]] mobile apps are web sites operating [[custodial wallets]].
Lightning wallets connect to [[Lightning nodes]] as well as to [[Layer-1]] blockchain nodes, such as [[Bitcoin]] nodes.
{{TODO|Add more wallets}}
{{TODO|Add more wallets}}
There are multiple wallets.
There are multiple wallets.

Revision as of 17:20, 31 January 2019

Functionality of wallets

Template:TODO Wallets are considered Layer-3 applications. Wallets use the Lightning Network (a Layer-2 protocol) which is a payment protocol to provide wallet functionality.

Non-custodial wallets create, manage and use private Layer-1 keys that hold funds. Such private keys are for example Bitcoin or Litecoin keys, corresponding to the Layer-1 blockchain.

Custodial wallets are usuallu thin mobile apps are web sites operating custodial wallets.

Lightning wallets connect to Lightning nodes as well as to Layer-1 blockchain nodes, such as Bitcoin nodes.


Template:TODO There are multiple wallets.

Mobile

Desktop

Web