Wallet

A wallet in the context of blockchain technology allows users to store, manage, and interact with cryptocurrencies and tokens. Wallets can be categorized into custodial and non-custodial types; custodial wallets are managed by third-party services that hold users' private keys, while non-custodial wallets give users full control over their private keys and funds. For web3 developers, integrating wallet functionality into decentralized applications (dApps) is essential to enable users to authenticate, authorize transactions, and manage their digital assets securely. Understanding different wallet standards and security practices ensures that developers can provide safe and user-friendly experiences. Additionally, wallets often support interaction with smart contracts, enabling users to participate in decentralized finance (DeFi) activities, governance voting, and other blockchain-based services.