COLD WALLET

A cold wallet is typically a special type of hardware device that holds ones cryptocurrency but has the distinct feature of being disconnected from the internet. Cold wallets are usually utilized to hold large sums of cryptocurrency since the disconnect from the web ensures a high level of protection from bad actors. The added security typically comes at the cost of convenience/usability since the process of accessing the funds must be initiated through the hardware which involves extra security measures.

Click here to view the Arweave transaction for this definitionOpens in a new window