What is a public chain wallet used for?

A public chain wallet is a software or hardware device connected to a public chain network for managing, sending and receiving crypto assets. Main functions include: storing and managing assets, sending and receiving transactions, on-chain interaction, voting and governance, privacy protection and advanced asset management.

The role of public chain wallet

A public chain wallet is a software or hardware device that manages digital assets. It is connected to a specific public chain network and allows users to manage, send and receive cryptocurrencies or tokens. .

Specific functions:

1. Store and manage assets
Public chain wallets provide users with a safe and reliable place to store their crypto assets. It uses encryption technology to protect private keys and keep funds safe.

2. Send and receive transactions
The wallet allows users to send and receive cryptocurrencies or tokens to other wallet addresses. It supports various transaction types, including standard transfers and advanced contract interactions.

3. On-chain interaction
Public chain wallet enables users to interact with the public chain network. They can check balances, view transaction history, and even interact with smart contracts.

4. Voting and Governance
Some public chains allow holders to participate in the management and decision-making of the network. Public chain wallets can easily participate in voting, governance proposals and protocol upgrades.

5. Privacy Protection
Public chain wallets usually provide anonymity measures, such as hiding IP addresses or using multi-signature addresses. This improves user privacy and security.

6. Asset Management
Some public chain wallets provide advanced asset management functions. For example, they might support multiple addresses, create premium accounts, or even allow users to manage NFTs (non-fungible tokens).

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