Wallets

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Revision as of 17:20, 31 January 2019 by 2a06:1700:1::7 (talk) (Added Functionality section to page)
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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