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The best Tezos wallets put to the test

2020.06.12

The best hardware wallets are not only protected against digital raids, but also against their analog counterparts. All hardware wallets presented here can be secured by a PIN as well as a 2-factor authentication. Thus, even the physical theft of the device does not promise success, as the two security measures have yet to be overcome.

Accordingly, we first introduce you to the best Tezos hardware wallets, followed by the best Tezos desktop, mobile and web wallets.Before we come to our ranking, it is important that you have a basic understanding of the technology and the different types of crypto wallets. Therefore, we have prepared a small theoretical introduction to the topic. A crypto wallet is a virtual wallet which, in contrast to wallets for paper money, does not store the money itself, but the access keys for it. The access keys are the so-called “private keys”. The distinction between these two types is made on the basis of the characteristic “connection to the Internet”.

This means that the access keys are never connected to the Internet. This means that hackers have no way of accessing the access keys. In contrast, hot wallets store the private keys online. This means that the storage medium for the private key is at least temporarily in contact with the Internet. This gives hackers a potential point of attack!While the private key is the access key representing the ownership of the cryptocurrency, the public key is used to generate the wallet address (is a hash version of the public key). In contrast to the public wallet address, the private key should never be passed on to third parties.

This is possible because it is stored isolated in a partition of the hardware. Even if a Tezos transaction is released, the private key does not leave the wallet. This construction method makes it almost impossible for hackers to gain access to the private key.

作者 : Jake Simmons