What is a cryptocurrency wallet?

A cryptocurrency wallet is a device or program that stores your cryptocurrency keys and allows you to access your coins. Wallets contain a public key (the wallet address) and your private keys needed to sign cryptocurrency transactions. Anyone who knows the private key can control the coins associated with that address.

What is a wallet & how does it work?

A number of technologies known as wallets exist that store the key value pair of private and public key known as wallets. A wallet hosts the details of the key pair making cryptocurrency transactions possible. Multiple methods exist for storing keys or seeds in a wallet.

How did Nakamoto start a cryptocurrency craze?

Nakamoto sent him 10 bitcoin as a test, and the cryptocurrency craze began. A cryptocurrency wallet is a device or program that stores your cryptocurrency keys and allows you to access your coins. Wallets contain a public key (the wallet address) and your private keys needed to sign cryptocurrency transactions.

Who created the first bitcoin wallet?

The first wallet was that of Bitcoin's developer, Satoshi Nakamoto. The second wallet belonged to Hal Finney, who corresponded with Nakamoto and reportedly was the first to run the Bitcoin client software wallet. Nakamoto sent him 10 bitcoin as a test, and the cryptocurrency craze began.