Cryptokon.

*WHAT IS A CRYPTO WALLET?*

🔸It is simply where Cryptocurrencies are stored.

I'll explain further in the points below.

🔸Cryptocurrency wallets are software programs that store your public and private keys and interface with various blockchains so users can monitor their balance, send money and conduct other operations. When a person sends you bitcoins or any other type of digital currency, they are essentially signing off ownership of the coins to your wallet’s address.

🔸To be able to spend those coins and unlock the funds, the private key stored in your wallet must match the public address the currency is assigned to. If the public and private keys match, the balance in your digital wallet will increase, and the senders will decrease accordingly. There is no actual exchange of real coins. The transaction is signified merely by a transaction record on the blockchain and a change in balance in your cryptocurrency wallet

*Cryptocurrency wallets enable users to send and receive digital currency and monitor their balance. If you want to use Bitcoin or any other cryptocurrency, you will need to have a digital wallet.*

* WHO INVENTED CRYPTOCURRENCY??*

🔸 Cryptocurrency came about through the creation of Bitcoin by Satoshi Nakamoto in 2009.

🔸Bitcoin paved way for a huge number of subsequent cryptocurrencies - some aiming to compete, and others seeking to integrate features not available in bitcoin.

*Why Is It Called Cryptocurrency??*

🔸The term "Cryptocurrency" is a combination of _cryptography and currency_. This is simply because cryptocurrencies makes use of cryptographic techniques to secure transaction between users.