Exploring Digital Wallet Technology
There is a convoluted approach to marketing crypto wallet technology that favours ease of use over sovereignty and trustlessness. Let’s evaluate the most popular crypto wallets based on the singular principle of the control that a user has over their coins.
In crypto, there are six main wallet types. In order of most decentralised and trustless, from best to worst, we have:
1. Running your own full node / wallet and connecting to its RPC services
2. Modern SPV
3. Electrum-style clients
4. Legacy SPV
5. Ethereum-based public RPC providers (like metamask)
6. Keys on exchange
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