If you follow the blockchain industry and the digital currency market, it is unlikely that you have not heard of the term non-custodial wallet, or as it is known in English as Non Custodial Wallet.
➕Its benefit:
The use of Layer 2 reduces pressure on the mainnet and provides faster and cheaper transactions for users, which enhances the applications of digital currencies and contributes to expanding their use.
📚Definition:
A non-custodial wallet is a type of digital wallet that allows individuals to hold and manage their digital funds independently without the need for an intermediary or third party.
These wallets represent a solution to issues related to security, privacy, and personal control of digital money.
⚙️Mechanism of action:
Non-custodial wallets rely on cryptographic technology to secure the private keys that are the property of the funds.
Private keys are stored in the user's mobile device or personal computer, and digital transactions are performed by signing transactions with the private key that is kept in
Portfolio.
