Cryptocurrency wallets: assessment and security

Nowroozi, Ehsan and Seyedshoari, Seyedsadra and Mekdad, Yassine and Savaş, Erkay and Conti, Mauro (2023) Cryptocurrency wallets: assessment and security. In: Maleh, Yassine and Alazab, Mamoun and Romdhani, Imed, (eds.) Blockchain for Cybersecurity in Cyber-Physical Systems. Advances in Information Security, 102. Springer, Switzerland, pp. 1-19. ISBN 978-3-031-25505-2 (Print) 978-3-031-25506-9 (Online)

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Digital wallet as a software program or a digital device allows users to conduct various transactions. Hot and cold digital wallets are considered as two types of this wallet. Digital wallets need an online connection fall into the first group, whereas digital wallets can operate without internet connection belong to the second group. Prior to buying a digital wallet, it is important to define for what purpose it will be utilized. The ease with which a mobile phone transaction may be completed in a couple of seconds and the speed with which transactions are executed are reflection of efficiency. One of the most important elements of digital wallets is data organization. Digital wallets are significantly less expensive than classic methods of transaction, which entails various charges and fees. Constantly, demand for their usage is growing due to speed, security, and the ability to conduct transactions between two users without the need of a third party. As the popularity of digital currency wallets grows, the number of security concerns impacting them increases significantly. The current status of digital wallets on the market, as well as the options for an efficient solution for obtaining and utilizing digital wallets. Finally, the digital wallets’ security and future improvement prospects are discussed in this chapter.
Item Type: Book Section / Chapter
Uncontrolled Keywords: Blockchain; Cryptocurrencies; Cryptowallet; Cybersecurity; Digital wallet; Security; Transactions
Divisions: Faculty of Engineering and Natural Sciences
Depositing User: Erkay Savaş
Date Deposited: 08 Aug 2023 21:45
Last Modified: 08 Aug 2023 21:45

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