What are cryptocurrencies essentially?
Cryptocurrencies are digital assets that work just like regular currencies except for the fact that they are virtual. These are built or developed with strong cryptography and give us highly secured transactions. Essentially these are decentralized i.e not controlled or operated by one governing body.
The transactions directly happen between peers and no third parties are involved. The confirmations or the transaction proofs are recorded in a public ledger and is referred to as mining.
A white-label multi currency wallet allows the user to store, exchange, send and receive multiple cryptocurrencies. One can easily pay for the goods purchased with the cryptos stored in the wallet.
Unlike some of the dedicated wallets that only store one type of crypto, these enable the user to store multiple ranges of cryptos like LTC, BTC, ETH, etc.
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