Everspace update ⚡️

The new version of the wallet for iOS and Android includes some new features, as well as the following changes:

• A new way to add a new asset;
• An opportunity to create several wallets for one seed phrase;
• Improved translation;
• An opportunity to add TIP-3 tokens manually on Android.

Download links are available on our website 🔗

#everspace #wallet #update #post

Custodial and non-custodial wallets 🔐

A crypto wallet is a tool for user interaction with the blockchain network. Wallets generate the information needed to use cryptocurrencies.

The components of the crypto wallet are a public key (open to everyone) and a private key (available to the wallet owner).

Custodial wallets: The private key is stored by a third party (custodian) and managed on your behalf.

➕ If you forget or lose the key, it is possible to restore access through the custodian
➖ Your funds can be blocked by the custodian at any time

Non-custodial wallets: The wallet owner has full control over crypto assets.

➕ Your funds cannot be blocked by a third party
➖ If you lose the key (SEED phrase), access to the assets will be irretrievably lost

🔒 Examples of custodial wallets: Combot, account on the centralized exchange

🔏 Examples of non-custodial wallets: EVER Surf, EVER Wallet

🔗 Find out about ways to safely store the SEED phrase here

#education #wallet #post