OWNR Wallet blog
News about bitcoin and cryptocurrencies by OWNR Wallet
The 2020 COVID-19 crisis has been unanimously named the biggest one since the Great Depression, which means it beats all the Black Mondays, Tuesdays and other weekdays in 2008 and 2014 when we saw the financial markets crash and currencies completely lose their ground. The economies are in for a long recession, but what about bitcoin and other cryptocurrencies? How are they handling this?
The increased use of cryptocurrency for everyday payments has led to the rise of numerous startups offering software for conveniently storing and accessing your funds. But how do these virtual wallets work, and how to choose the best one?
OWNR Wallet is a non-custodial wallet, which means we do not have access to your keys. What does it mean from the viewpoint of development though? We’ve asked our CTO, Sergey Burmisov, to shed some light on it. We’ll discuss why the majority of cryptowallets are built custodial and why a non-custodial wallet would be heavier in stores. But first here’s a brief overview of why the keys matter.