Many times, many clients like to ask me at the beginning: How much does it cost to develop a multi-currency wallet? This problem is very common, but every time I encounter this problem is very headache, every time I will say: the price needs to be assessed according to your specific needs, and then many customers will think I do not want to quote, but here I want to make a simple example, to explain for yourself. If you want to build a house, you just say, I build a house, how much does it cost? I must still ask your specific needs, two-story flat building is also a house, two-story villa is also a house, in the suburbs and in the city to build a house, ordinary decoration and luxury decoration, these are houses, the price is the same? The sky is so different. Back to “How much does it cost to develop a multi-currency wallet?” A wallet that only has the function of roll in and roll out is also a wallet, a wallet like Plustoken that can generate quantitative income is also a wallet, and a wallet like VPay that has third-party payment and international payment functions is also a wallet. What kind of wallet do you want to make and what functions do you have? How can I evaluate your price if you don’t tell us the demand? So want to know about the development of multi-currency wallet friends must be clear about your needs, multi-currency wallet development. The following is a brief introduction to the types and basic concepts of blockchain wallet.

There are two main types of wallets. Cold wallets and hot wallets. Multi – currency wallet development +V:ruiec1688

Wallets can be divided into cold wallets and hot wallets according to whether they are connected to the network or not.

Cold wallet

Concept: Offline wallet that is disconnected from the network and cannot be accessed by the network, such as paper wallet, hardware wallet, computer or mobile phone that is not connected to the network, etc.

Principle: Stores private keys offline.

Advantages: It can avoid attacks by hackers and viruses, and ensure the safety of assets during storage. It is a safer way to store digital currency.

Disadvantages: complex creation, troublesome transfer, hardware damage or loss of private key may cause the loss of digital currency, so need to do a good backup; The cold Money packet cannot send or query digital currency, and the cold wallet is technically an incomplete wallet.

Heat the purse

Concept: Online wallet connected with the network, such as the desktop wallet, mobile wallet, online wallet.

Principle: Encrypt the private key and store it on the server. Download and decrypt it when necessary.

Advantages: Can be used to send or query digital currency, easy to use.

Cons: High risk of hackers stealing wallet information or cracking encrypted private keys.

Simply put, cold wallets are safe and hot wallets are convenient.

It can also be divided into single currency wallet and multi-currency wallet according to the coins docking inside the wallet

Single currency wallet. It’s a single currency wallet. For example, the BTC wallet stores the BTC. To do this single currency wallet, the main thing to do is currency, which includes currency, wallet, block browser and currency official website.

Multi-currency wallet, which can store a variety of coins, such as IMtoken, this belongs to the multi-currency wallet industry, the development of a better multi-currency wallet. Players can place multiple coins they own in a multi-currency wallet.