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@ -19,7 +19,7 @@ tokens. |
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Every wallet has one or more cryptocurrency addresses. An address is similar to an account number, |
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Every wallet has one or more cryptocurrency addresses. An address is similar to an account number, |
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it is public and will be used by others to send tokens to you. Each address has a corresponding |
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it is public and will be used by others to send tokens to you. Each address has a corresponding |
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private key, which is used to sign outgoing transactions from your account. The wallet software |
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private key, which is used to sign outgoing transactions from your account. The wallet software |
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securely manages this private key for you. When setting up a new wallet (when not using a hardware |
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securely manages this private key for you. When setting up a new wallet (and not using a hardware |
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wallet), you will be asked to write down a seed phrase. This seed phrase is the equivalent of your |
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wallet), you will be asked to write down a seed phrase. This seed phrase is the equivalent of your |
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private key. You should keep it safe and **never reveal it to anyone.** |
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private key. You should keep it safe and **never reveal it to anyone.** |
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@ -35,7 +35,7 @@ private key. You should keep it safe and **never reveal it to anyone.** |
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When you send a transaction from the wallet, you are digitally signing a token transfer from your |
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When you send a transaction from the wallet, you are digitally signing a token transfer from your |
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account and broadcasting this to the Blockchain network. After the network has received and |
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account and broadcasting this to the Blockchain network. After the network has received and |
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validated your transaction, tokens will be moved from your account to the specified destination |
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validated your transaction, tokens will be moved from your account to the specified destination |
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address. The transaction will be permanently recorded on the Blockchain and is irreversible. |
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account. The transaction will be permanently recorded on the Blockchain and is irreversible. |
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## Large-scale or institutional token holders |
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## Large-scale or institutional token holders |
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