Digital Wallets as an access point

Misconception

A common misconception about how cryptocurrencies are stored in digital wallets is that they are "stored" within the wallet itself, similar to how money is kept in a physical wallet. However, this is not the case in the realm of cryptocurrencies and blockchain technology. In reality, digital wallets do not "store" cryptocurrencies or money in the traditional sense. Instead, digital wallets are access points that allow users to interact with the blockchain and manage their digital assets. The actual ownership and transfer of cryptocurrencies are recorded on the blockchain, which is a decentralized and distributed ledger. Digital wallets simply store private keys.

In a recent podcast episode, we talk with Pedro Gomes co-founder of Wallet Connect about this pressing topic and much more.

You can check the podcast here.

Episode link:
https://www.citizencosmos.space/informal

Episode name:
Zarko Milosevic, verification tools, innovation & Tendermint.

In this episode, Citizen Cosmos talks to Zarko Milosevic, CTO of Informal Systems. In this episode, they explore how an organization that expands can manage to stick to their core founding values and have it drive growth. This episode is also packed full of Alpha and hints at more to come. Zarko is passionate about all the new potential developments and unpacks details of Informal becoming the stewards of consensus engine, Tendermint Core.

Citizen Cosmos
Good Spacetime yall. In this episode of the Citizen Cosmos Podcast, I speak to Zarco Milosevic, CTO at Informal Systems, core developer of everything Cosmos. Zarco makes two big announcements, revealing Quint, a TLA+ inspired specification language for blockchain protocols and he updates the news on Informal’s work on the Tendermint code base. We will also discuss Informal’s vision, governance in Cosmos, Verification tools and their importance, advanced indexing and scalability issues.

Zarko
It’s like the programming language but with some nice superpowers.