How do you rate a crypto wallet? Why should you trust it? When do you change your current wallet? These are the regular questions a regular crypto user asks, whether newbie, trader or investor. But first things first, let us be on the same page.
Starting from the basics… What is Blockchain?
Blockchain simply refers to a growing list of records, also known as blocks, that are linked using cryptography, with each peculiar block containing a cryptographic hash of the previous block, a timestamp, and transaction data known as the Merkle Tree.A Blockchain can also be described as a transparent, trustless and immutable publicly accessible ledger that allows the transportation of units of value using public key encryption, by users. The blockchain data is resistant to unauthorised modifications, and can be managed by a peer-to-peer network collectively adhering to a protocol for communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without alteration of all subsequent blocks, which requires consensus of the network majority. Although blockchain records are not unalterable, blockchains may be considered secure by design and exemplify a distributed computing system. Decentralized consensus has therefore been claimed with a blockchain.
The potential for blockchain technology is not limited to bitcoin, a cryptocurrency. Other cryptocurrencies include Ethereum, Litecoin, Ripple etc. A cryptocurrency (or crypto currency) is a digital asset that is utilized as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.Blockchain was invented by an individual, entities (or group of people) with the moniker Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin.The identity of Satoshi Nakamoto is unknown. The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. The bitcoin design has inspired other applications, and blockchains that are readable by the public are widely used by cryptocurrencies.
Now, we are getting warmer.
Wallets are tools where precious materials are stored. They may be hardware(physical wallets, crypto hardware wallets like Ledger Nano) or software(Sapien etc).
A cryptocurrency wallet is a device, physical medium,program or a service which stores the public and/or private keys and can be used to track ownership, receive or spend cryptocurrencies.The cryptocurrency itself is not in the wallet. In case of bitcoin and cryptocurrencies derived from it, the cryptocurrency is decentrally stored and maintained in a publicly available ledger called the blockchain.
Now, what exactly is Sapien?!
Sapien is really a decentralized easy to use wallet which is integrated with a reliable and trust-worthy human rating system.
Now back to our opener,
How do you rate a wallet?
Wallets are a dime for a dozen, these days, some are multi-wallets encompassing many Blockchains and platforms. Rating is an important pointer to choose a wallet. Even for mundane decisions such as where to eat, what new movies to watch or where to watch it, reputation is one of the most important factors in decision making for many people, with product review websites like TripAdvisor, Metacritic and RottenTomatoes providing information and customer feedback, some people are guided accordingly, and with subsequent feedback cycle. It is clear that people value such data, and Sapien wallet realizes that and is basing honest feedback data as a criterion for wallet choice.
So why should I trust Sapien wallet to keep my money
There are a number of salient reasons to put your trust in Salient wallet.
Post-Transaction Opinions and Reviews
Friendly opinions from users will be collected only after a transaction is concluded, offering the most trustworthy and verifiable data.
Friendly User Interphase
With an intuitive UI and great UX, Sapien is quite a breezy design making it easy for even non-tech heads to navigate through.
Decentralized
All Sapien post-transaction and user-data are kept on a decentralized network for safety purposes.
No KYC Policy
Private or personal information are non-requisite from Sapien users.
Epilogue
Sapien is not your run-of-the-mill wallet. This is something different and obviously better.
SAPIEN RESOURCES
About the Author
Joseph Johns is a successful Emergency Medicine Physician and an ardent cryptocurrency and Blockchain connoisseur
Bitcointalk Username: Redkop
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2743818
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HIVE IS ALIVE!!!
JOIN US, YOU'LL HAVE EXACTLY THE SAME BALANCE AS YOU HAVE HERE ON STEEM WITHOUT THE CENTRALIZATION AND CENSORSHIP!!
https://hive.blog
https://twitter.com/innerhive
ALSO, FUCK YOU @JUSTINSUNSTEEMIT
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HIVE IS ALIVE!!!
JOIN US, YOU'LL HAVE EXACTLY THE SAME BALANCE AS YOU HAVE HERE ON STEEM WITHOUT THE CENTRALIZATION AND CENSORSHIP!!
https://hive.blog
https://twitter.com/innerhive
ALSO, FUCK YOU @JUSTINSUNSTEEMIT
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