The popularity of the blockchain continues to rise, capital is constantly pouring into the encryption market, exchanges are blooming everywhere, the value of digital assets is developing rapidly, and a large number of digital currency transactions have spawned the blockchain wallet development industry. The difference between digital wallets and wallet management funds in the traditional world is that blockchain wallets are tools for storing and managing private keys, and also have other extended functions, such as wallet creation, business access, address generation, coin deposit and withdrawal, Transaction inquiry, fund collection, etc. With the popularity of digital currency, digital wallets have become a flow entrance and value entrance into the blockchain world.
Digital wallets can be classified into different dimensions from different dimensions. According to the product form classification, it can be divided into hardware wallets and software wallets; according to the classification of private key storage methods, it can be divided into centralized wallets and decentralized wallets; according to whether it supports multi-chain encryption asset classification, it can be divided into single-chain wallets and Multi-chain wallet.
Single chain wallet
In the field of cryptocurrency, a single-chain wallet refers to a wallet that stores and sends and receives a certain public chain Coin or Token. For example, Bitcoin Core, the official btc wallet that only supports BTC storage, deposit and withdrawal. To
In general, single-chain wallets are called main-chain wallets. This type of wallet is usually developed and customized for a platform-type public chain. For example, the previous imtoken1.0 version can be said to be an eth single-chain wallet, because they only support Ethereum and ERC20 tokens.
In addition, as for these platform-type public chains, its main chain Coin generally has certain usage functions. The well-known Ethereum includes miners and Dapp users on its platform. The daily activities of these roles are usually carried out around Ethereum. In this sense, single-chain wallets provide platform-type public chain users with an entrance to asset storage and value circulation.
Multi-chain wallet
In the crypto world, a multi-chain wallet can be understood as a wallet that supports multiple main chain platform Tokens. Because of its safety and ease of use, it is highly recognized by users and exchange companies like imtoken2.0 and BULL WALLET.
With the vigorous development of cryptocurrency, the types of public chains are increasing. It is normal for users in the currency circle to hold multiple public chains of encrypted assets, not to mention platforms such as exchanges and shopping malls. If every public chain asset is configured with a main chain wallet, it is extremely troublesome for users and business systems to manage digital assets.
The emergence of multi-chain wallets has made it a reality for platform users and exchange wallet operators to store and manage multi-chain encrypted assets with one wallet, reducing the burden on managers of managing multi-chain encrypted assets.
BULL WALLET
With the development of the digital currency market, digital assets will become one of the important assets of enterprises. Invisible enterprises have an increasing demand for the safe management of digital assets. Enterprise-level digital asset wallets have become exchanges, blockchain malls, and blockchain games. A necessary supporting infrastructure for business-oriented systems. Therefore, BULL FINANCE is committed to the research and development of decentralized multi-chain light wallets and will be launched at the end of May 2021. BULL WALLET is a decentralized multi-chain wallet designed to allow users to easily manage digital encrypted assets and enjoy the blockchain world. BULL WALLET currently supports 13 mainstream public chains such as Bitcoin, Ethereum, BSC, Heco, OKExChain, Polygon, and their 400000 Token assets. And it has launched hundreds of DApps covering DeFi, Dex, NFT, games, lending, data and other application scenarios, leading users to experience the latest DApps and include functions such as market display. BULL WALLET is a digital asset multi-chain wallet and multi-currency wallet. It provides a more convenient channel for enterprises to store and manage encrypted assets. According to the official BULL FINANCE release, BULL WALLET will support 100 public chains and full tokens this year. One-click collection of multiple addresses and multiple assets helps exchanges save the lengthy wallet development cycle, so that they no longer undertake the maintenance of digital currency wallet nodes in various systems, and there is no need to implement various cumbersome wallet calling interfaces. You only need to implement yourself The business logic and the interaction with the chain are all completed by the BULL WALLET system. Multi-level and multi-dimensional safety risk control strategies make the system more secure and complete.
BULL WALLET is currently online on Google Play and APP Store. You can search and download directly. In addition to the basic storage functions of the wallet, the BULL WALLET wallet will continue to improve and provide including cross-chain flashovers, aggregate Dex and financial management (borrowing, interest-bearing, current demand) Diversified services such as financial management, regular financial management staking, cloud mining, cloud investment, etc., provide users with more convenience and high-quality experience.
