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Cexplorer

12/13/2023

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Understanding Self-Custody of Assets

It is difficult for users to use self-custody wallets because it requires knowledge of at least the basic principles of cryptography.

Understanding Self-Custody of Assets

It is difficult for users to use self-custody wallets because it requires knowledge of at least the basic principles of cryptography. 

Furthermore, they must know the processes taking place in the blockchain and crypto wallets. In this article, we will explain the basic principles of cryptographic keys and transactions. For easier understanding, we deliberately simplify the explanation of some processes and skip some details. 

The article is intended primarily for newcomers. Owning Assets Requires Keeping Secrets Cardano, like most blockchains, allows you to exclusively own assets. This means that only you and no one else in the world have control over the assets. 

Exclusive ownership means that only you can create a valid transaction that transfers assets from your blockchain a Read article: Understanding Self-Custody of Assets

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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