How to choose the wallet type?
Many users don’t know how to choose a wallet type when they first time opening the Math Wallet.
Many users who have never used crypto wallet are often stuck in the first step choosing the wallet type. This article briefly introduces 4 different wallet ecosystems that supported by Math Wallet , helping everyone to take the first step.
Bitcoin（BTC） is a peer-to-peer payment system and digital currency introduced as open source software in 2009 by pseudonymous developer Satoshi Nakamoto. It is a cryptocurrency, so-called because it uses cryptography to control the creation and transfer of money.
The bitcoin protocol specifies that the reward for adding a block will be halved every 210,000 blocks (approximately every four years). Eventually, the reward will decrease to zero, and the limit of 21 million bitcoins will be reached 2140; the record keeping will then be rewarded solely by transaction fees.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
Ethereum could quickly generate new tokens through smart contracts, and most of tokens we know so far are based on Ethereum. If it is your first time to use the crypto wallet, ETH Wallet may be your best choice to start.
EOS is the most powerful infrastructure for decentralized applications launched on June, 2018. It that has much higher scalibility than Ethereum and Bitcoin and could achieve transaction in just a second. Also, it is featured with strong scalability, usability and could support for large-scale commercial applications.
Howeber, the EOS account registration precess is relatively complicated and it is not reccomended for first-time users.
NEO is a non-profit community-based blockchain project that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a “smart economy” with a distributed network.
As a first open-source public chain program in China, NEO is call “Ehereum of China”. The support of its tokens and smart contracts is also relatively complete, but the current application is not as much as applications on Ethereum.