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Information Resources Management Association
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Wallets and Transactions

Wallets and Transactions
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Author(s): Pankaj Bhambri (Guru Nanak Dev Engineering College, Ludhiana, India)
Copyright: 2024
Pages: 17
Source title: Decentralizing the Online Experience With Web3 Technologies
Source Author(s)/Editor(s): Dina Darwish (Ahram Canadian University, Egypt)
DOI: 10.4018/979-8-3693-1532-3.ch004


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Digital wallets are of utmost importance in transforming the online experience as they serve as the core constituents of decentralized ecosystems. This study explores the operational mechanisms of different types of wallets, encompassing hardware wallets and software-based solutions, in order to elucidate their distinctive characteristics and security implications. Moreover, the chapter offers a comprehensive examination of decentralized transactions, elucidating the profound impact that blockchain technology may have in cultivating trust, enhancing security, and promoting transparency. By examining real-world illustrations and analyzing case studies, readers will acquire a comprehensive comprehension of how wallets and transactions serve as the fundamental infrastructure for a novel epoch of online engagement. This transformative development is reshaping the manner in which individuals interact with digital assets and engage in decentralized networks.

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