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dscsky · 7 months
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idsign-partner-login · 7 months
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salamazaman · 3 months
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What Are the Main Types of Crypto Wallets?
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When your assets leave your hands, it is important to have a safe and reliable way to store your assets. A crypto wallet serves this purpose, allowing users to store, manage, and trade their cryptocurrency assets securely. Moreover, crypto wallets enable users to interact with decentralized finance (DeFi) applications and trade non-fungible tokens (NFT). This blog will examine the main types of crypto wallets, their functions, and how to choose the best one for your needs.
What is a Crypto Wallet?
To conduct transactions on any blockchain network, you need your private key, which is kept in a digital wallet. Contrary to popular belief, the wallet does not store the cryptocurrency itself. Instead, it holds the private key that unlocks your blockchain address, where the cryptocurrency is stored. This distinction is important as your private key's security directly correlates with your crypto assets' security.
Public and Private Keys in Cryptocurrency Wallets
Before exploring the different types of cryptocurrency wallets, it is essential to understand what ‘public’ and ‘private’ keys are:
Public Key: Similar to your bank account number is this. Money can be shared with other people to get money.
Secret Key: This is similar to a password or PIN. Since it lets you access and control your cryptocurrency, it needs to be kept a secret.
Types of Crypto Wallets
Paper Wallets
How They Work: You generate a wallet using a paper wallet generator and print out the private and public keys. The keys remain offline, reducing the risk of hacking.
Benefits: Completely offline, reducing the risk of hacking.
Drawbacks: Helpless to physical damage (e.g.: water, fire), tedious to use for transactions, and easily lost.
Best For Users who infrequently plan on interacting with their cryptocurrencies and prioritize offline security.
Hardware Wallets
How They Work: These devices store your private key in a secure hardware device. To make a transaction, you connect the hardware wallet to a computer or mobile device, ensuring that the private key never leaves the device.
Advantages: Combines the security of offline storage with the convenience of signing transactions when connected to a computer. Popular brands include Ledger and Trezor.
Disadvantages: It can be costly and still require careful handling to prevent physical damage or loss.
Best For Users who value high security and are willing to invest in a powerful storage solution.
Software Wallets
How They Work: These wallets are always connected to the internet, providing seamless access to your cryptocurrencies and enabling quick transactions and interactions with DeFi applications.
Edges: Highly convenient for frequent transactions, DeFi interactions, and trading. Always connected to the internet, making it easy to use.
Impediments: Higher risk of hacking due to constant online connectivity. Additionally, if the device is lost or swiped, the wallet can be accessed if not properly secured.
Best For Users who frequently transact and interact with DeFi applications and prioritize convenience.
Hot Wallet VS Cold Wallet
Hot Wallet
Definition: Always connected to the internet, making it easy to transact but also powerless to cyber threats.
Examples: Most software wallets fall under this category.
The best option for Frequent traders and users who need quick and easy access to their crypto assets.
Cold Wallet
Definition: Not connected to the internet, providing higher security against hacks.
Examples: Paper and hardware wallets when not plugged into an internet-connected device.
Best For Long-term holders who prioritize security over convenience.
Frequency of Working with Blockchain Technology
Infrequent Use: If you want to purchase popular cryptocurrencies like BTC or ETH to hold over a long duration, a cold storage wallet solution may be best for you. A USB flash drive would be an illustration of cold storage. These kinds of gadgets are great for storing cryptocurrency since they keep your wallet off the internet and out of hackers' hands.
Regular Utilization: A software wallet might be your best bet if you intend to trade cryptocurrency regularly and engage with decentralized finance applications. The highest level of protection is provided by desktop and mobile wallet apps among these varieties.
Bringing It All Together
Selecting the correct cryptocurrency wallet is critical for protecting your digital assets. Paper wallets offer offline security but need careful storage. Hardware wallets connect offline security with transaction convenience, though they are more expensive. Software wallets provide the most convenience for frequent transactions and DeFi interactions but are more subject to hacking. Deciding between a hot wallet and a cold wallet depends on your specific needs and how often you interact with your cryptocurrencies. Whether you are a long-term holder or an active trader, there is a suitable crypto wallet for you.
Conclusion
Understanding the different types of crypto wallets and their specific use cases is essential for securely managing your cryptocurrency assets. Whether you opt for the simplicity and offline security of a paper wallet, the protection of a hardware wallet, or the convenience of a software wallet, your choice should align with your transaction frequency and security preferences. By selecting the right wallet, you can ensure your crypto assets are safely stored and easily accessible when needed.
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nadcablabs9616 · 4 months
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Your Digital Piggy Bank: Exploring Crypto Wallets and Token Rules
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What is a Wallet in Cryptocurrency?
A wallet is a digital tool that facilitates the storage, management, and transaction of digital assets like Bitcoin, Ethereum, and various other cryptocurrencies. Unlike a physical wallet, which holds currency, a Cryptocurrency Wallet doesn’t store actual coins but rather the secure digital keys used to access public blockchain addresses and carry out transactions.
Improving Crypto Compatibility & Functionality
Cryptocurrency wallets are continually evolving to improve their compatibility with different blockchains and enhance the functionality they offer to users. These improvements often include supporting a broader range of cryptocurrencies, ensuring higher security standards, and integrating user-friendly features for a seamless experience. Below are some of the leading cryptocurrency wallets that exemplify these advancements.
There are a variety of cryptocurrency wallets to choose from, including:
1. Ledger Nano X
· Compatibility: Supports over 1,800 digital tokens and coins.
· Security: Features a Secure Element chip, akin to the technology used in passports and credit cards, enhancing security.
· Functionality: Works with Ledger Live apps for mobile and desktop, offering a rich feature set for managing cryptocurrencies.
2. Metamask
· Popularity: With over 21 million users, it’s one of the top choices in the market.
· Compatibility: Allows for easy management of a broad range of digital assets.
· Functionality: Includes a browser extension and mobile app, secure login, and integrated token exchange options.
3. Trezor Wallet
· Compatibility: Supports over 1,600 cryptocurrencies, including major ones like Bitcoin and Ethereum.
· Functionality: Connects to computers via USB and can function as a cold wallet, enhancing security by keeping private keys offline.
4. Coinbase Wallet
· Compatibility: Designed by the creators of the Coinbase exchange, facilitating seamless integration with the exchange.
· Functionality: Allows storage of cryptocurrencies and NFTs, participation in ICOs and airdrops, and the ability to transact with stores accepting cryptocurrencies.
These wallets are at the forefront of promoting wider crypto adoption by making it easier and safer for users to manage their digital assets across various platforms.
What is a Token Standard?
A token standard is essentially a set of guidelines that defines how a token behaves within the blockchain ecosystem. It specifies how tokens can be transferred, how transactions are approved, and how data is accessed. This uniformity ensures that tokens will operate seamlessly across different blockchain applications and services, including wallets and exchanges.
Improving Crypto Compatibility & Functionality
The adoption of token standards is crucial for maintaining a functional and interoperable crypto ecosystem. Here are some of the key standards that play pivotal roles in this context:
How many distinct token standards exist?
ERC-20
Perhaps the most widely recognized token standard, ERC-20, has become synonymous with fungible tokens on the Ethereum blockchain. It defines a common list of rules that all Ethereum tokens must follow, making it easier for developers to create tokens that will be compatible with the vast ecosystem of Ethereum products.
ERC-621
An extension of ERC-20, ERC-621 allows for the increase or decrease of token supply. This added flexibility can be crucial for dynamic financial applications and can help manage token-based economies more effectively.
ERC-1155
Known for its efficiency and flexibility, ERC-1155 enables a single contract to contain both fungible and non-fungible tokens. This multi-token standard allows for more complex asset management systems, reducing the transaction and storage costs associated with smart contracts on Ethereum.
ERC-165
This standard allows smart contracts to publish which interfaces they implement, making it easier for applications to determine the functionality of different contracts automatically. This capability is fundamental for developers when building interoperable contracts and applications.
ERC-223
Building upon ERC-20, ERC-223 aims to address issues like token loss in transactions. It allows tokens to be sent to and handled by contracts within a single transaction, reducing the chances of errors and improving security.
ERC-865
ERC-865 presents a method for delegating transactions to third parties. This standard lets users pay transaction fees using the tokens themselves instead of using ETH, enhancing usability and functionality for users who may not hold Ethereum but possess token assets.
ERC-827
An improvement to ERC-20, ERC-827 offers additional capabilities, including the ability to approve, transfer, and call data within transactions. This enhances interaction between contracts and makes token contracts more powerful and flexible.
ERC-884
Specifically designed for Delaware-based companies, ERC-884 encodes Delaware General Corporation Law into Ethereum tokens, representing tradable shares. These standard addresses legal compliance and identity privacy, paving the way for blockchain-based corporate governance.
ERC-4626
A newer standard, ERC-4626, standardizes tokenized vaults, allowing developers to build on top of existing protocol-controlled vaults. This standard simplifies the creation of yield-generating products and is integral to the decentralized finance (DeFi) landscape.
Conclusion:
In conclusion, the evolution of wallets and token standards is pivotal in enhancing the compatibility and functionality of cryptocurrencies. As the crypto landscape expands, the need for seamless integration and user-friendly experiences becomes more apparent. With initiatives like those pioneered by Nadcab Labs, individuals and businesses can access tailor-made solutions to develop their own Crypto Wallets. Whether it’s for DeFi, crypto trading, NFTs, Tron, or Web3 applications, Nadcab Labs empowers users to navigate the complex crypto ecosystem with ease. By embracing these advancements, we pave the way for broader adoption and innovation in the world of digital finance.
Author Profile:
Nadcab Labs — A Leading Blockchain developer with over 8+ years of experience in, Custom Blockchain Development, Smart Contract Development, Crypto Exchange Development, Token Creation, and Many More Services.
Twitter — twitter.com/nadcablabs LinkedIn — linkedin.com/company/nadcablabs Facebook — facebook.com/nadcablabs Instagram — instagram.com/nadcablabs Spotify — spotify.com/nadcablabs YouTube — www.youtube.com/@nadcablabs
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qsexcoin · 6 months
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Explore QSCHAINCOIN Wallet App
Explore QSCHAINCOIN Wallet App
What Is a Crypto Wallet?
A crypto wallet, also known as a digital wallet, is a software program that stores private and public keys used to interact with a blockchain network and manage cryptocurrency. It allows users to send, receive, and store digital assets such as Bitcoin, Ethereum and other cryptocurrencies.
There are also countless options to choose from among crypto wallets — deciding which one fits your needs is the first step. Different wallets support different types of coins — most hold Bitcoin, some only handle Ethereum, a few can hold any type of crypto — and they come in two main flavors: hot wallets, which are internet-enabled, and cold wallets, which live offline.
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Some popular types of crypto wallets include desktop wallets, mobile wallets, web wallets, hardware wallets and paper wallets. Each type of wallet has its own set of advantages and disadvantages, and users should choose a wallet that best fits their needs based on factors such as security, ease of use and accessibility.
Compatibility between wallets helps if you’re looking to access additional features. But a word of caution: If you have multiple wallets for the same crypto or token, you may have heightened security risks, since there are more touch points to reveal the keys to your crypto.
How Do Crypto Wallets Work?
Crypto wallets work by storing the private keys for your cryptocurrencies. A wallet holds the credentials needed to prove you own the cryptocurrencies. You can also use the wallet to send cryptocurrencies to or receive them from others.
There are different types of crypto wallets, ranging from online services and programs to simply printing the keys on a piece of paper. The key function is that the crypto wallet holds the keys needed to access the blockchain to transact with your cryptocurrencies.
Types of Crypto Wallets
There are two main types of crypto wallets: hot and cold. Hot wallets are connected to the internet. These include:
Online wallets. These wallets connect to other websites/online services. For example, many crypto exchanges offer online wallets through their platforms.
Mobile wallets. Mobile wallets can be downloaded to your mobile device. You then store your keys on the mobile app.
Desktop wallets. With a desktop wallet, you download a program to your computer, which you then use to store your keys.
Cold wallets are wallets that are not connected to the internet. For example, you could buy a USB key that stores your keys. You could also print off your private keys on a piece of paper.
In addition, crypto wallets can either be custodial or noncustodial. A custodial wallet is one where a third party controls and manages the wallet, including security, on your behalf. An online wallet from a crypto exchange would be custodial.
A noncustodial wallet is one where the cryptocurrency owner manages the wallet. A USB hard drive or a paper wallet would be noncustodial. You’re responsible for storing and protecting your keys on a noncustodial wallet.
What Is a Hot Wallet?
A hot wallet is a type of crypto wallet that is connected to the internet and used for storing cryptocurrency or other digital assets that are actively traded or accessed frequently.
This type of wallet is designed for convenience and ease of use, allowing users to quickly and easily send and receive funds without having to go through a lengthy process of transferring funds from a cold storage wallet.
Since hot wallets are connected to the internet, they are more vulnerable to hacking and other security risks compared to cold wallets, which are offline and therefore more secure. As such, it is important to take precautions to secure a hot wallet, such as using strong passwords and two-factor authentication, and not keeping large amounts of cryptocurrency in it for extended periods of time.
What’s a Cold Wallet?
A cold wallet is a type of crypto wallet used to store cryptocurrencies offline. This is done to enhance security by reducing the risk of hacking, malware and other security threats that come with being connected to the internet.
Cold wallets are either hardware devices like USB sticks or paper wallets that store private and public keys to your crypto via non-electronic means. Either way, your private keys are kept completely offline and secure from any online threats.
While cold wallets offer a high level of security, they are less convenient to use for regular transactions than hot wallets. Cold wallets are ideal for storing large amounts of cryptocurrency for extended periods.
It is important to note that users must take adequate precautions when setting up and using a cold wallet to ensure that they do not lose their private keys and are able to recover their cryptocurrency in the event of a loss or damage to their hardware device.
Why Do You Need a Crypto Wallet?
Cryptocurrency exists as nothing more than a string of code on a larger blockchain. When you purchase cryptocurrency, such as Bitcoin or Ethereum, your proof of ownership is based on a public key and a private key.
The public key is like your bank account number: It tells you where your crypto is, but it doesn’t provide access to it. The private key identifies you as the “true owner.”
If you lose the private key, you could lose access to your crypto. Likewise, any person who gets ahold of your private keys has full access to your crypto.
There’s a popular expression in the crypto world, “Not your keys, not your coins.” If you don’t control your keys, you don’t have full access to your crypto assets.
How To Get a Crypto Wallet
How to get a crypto wallet depends on what kind you want. If you’d like an online, mobile or desktop wallet, you download the necessary software from the crypto wallet company. You’ll also need to set up an account.
Your wallet should give you a digital address or QR code for accepting asset transfers. Some wallets can also integrate directly with major crypto exchanges. Follow the wallet’s process for transferring over your assets. The crypto private keys will then be stored in your wallet versus the exchange.
You follow a similar process with a cold, offline wallet. You’ll need to buy the physical hardware wallet first. The hardware will tell you what program you need to download to set up the wallet. You then use this program to transfer your cryptocurrency keys to the hardware storage device.
Alternatively, there are paper wallet generator websites online. You can use those to create and print off a paper crypto wallet with your keys.
How To Set Up a Crypto Wallet
Just like there are many ways to store your cash, there are many ways to stash your crypto.
Opening a crypto wallet will vary by the type chosen. If you’re using an exchange wallet, for example, you’ll pick a platform that you trust and then create an account. Generally, personal information and a two-step verification process is required.
For a hardware wallet, you’ll need to purchase the hardware first. You’ll typically need to install software to set up the wallet, too.
How To Choose a Crypto Wallet
If you’re buying crypto, then you’ll want to explore the crypto wallet best suited for your needs.
You might be interested in holding a whole portfolio of different coins and tokens in one wallet. Or maybe you’re just looking for a crypto wallet that supports only a few big cryptos with myriad features.
Overall, it’s important to find a crypo wallet with a strong, stable history and a high level of security.
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kristikinzel12 · 7 months
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What is AxHash OS? How Does It Work in Crypto Mining?
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AxHash OS is referred to as a cloud-based operating system initiated by AXMachine Blockchain Services Private Ltd. The company intends to offer diverse blockchain solutions and services with improvised use cases that can sort the existing issues in the sector and enable every interested user to run multiple rigs on a cloud server with remote monitoring/overclocking, easy farm management along an auto-transfer to wallet. AxHash OS claims to be compatible with NiceHash which is a platform that allows you to mine virtual currencies using the GPUs or CPUs.
To elaborate on the concept of AxHash OS, it is one of the many options available for cloud mining that permits you to perform hosting and access remote monitoring with automatic updates. On the other hand, cloud mining is considered a convenient and profitable method to earn cryptocurrencies without having to deal with the hassle of setting up and maintaining your own hardware. However, you should also be aware of the risks and challenges involved, such as security, reliability, and profitability.
To use AxHash OS for crypto mining, you need to have a NiceHash account and an Ethereum wallet. You can then download the AxHash OS image from their website here and flash it to a USB drive. You can then boot your computer from the USB drive and launch the AxHash OS dashboard. From there, you can connect your NiceHash account and your Ethereum wallet, and start mining Ethereum using the NiceHash algorithm. You can also monitor your mining performance, adjust your overclocking settings, manage your farm, and transfer your earnings to your wallet.
We are glad to introduce the AXMint Node Computing which is quite a blast for newcomers where you can access the AXM Mining Hash power Ecosystem and operate on the AXMint mining servers for minting AXM Tokens. The marketplace is all gloated and loaded with cloud mining and binary earning mechanisms. While opting for AxHash connect all your rigs on the cloud and the system will let you run multiple rigs on the cloud server and let the mining rig work for you.
Set up your own cloud mining rig and in return earn AXM tokens with 25 million AXM assets worth 75% that are destined to be auto-mined as per rig hash-power. Not only this, you have access to almost 6 mining packages where you can choose from posing different hashing powers. Also, wallet rewarding is preferred, you can mine AXM earnings that are termed to be auto-transferred to a connected wallet used while registering or making any transaction.
Any AXM user can earn more than 200% of Mining Returns while simply and easily buying a package on any of the available mining marketplaces, relaxing, and waiting for the mining round to finish. The users also have the chance to make from 0.70% — 0.95% per day running auto-mine, securing the withdrawals process and attempting to flexible term deposits.
There is much about the project not limited to hash power cloud mining, you can also check out the use cases, product/services and the latest updates posted on the social channels. For more information, you can also go through the official panel and get to know about the details and roadmap of what is coming up next.
Website: https://www.axmint.io/
Twitter: https://twitter.com/AxmintDefi
Telegram: https://t.me/AxMintChat
Medium: https://medium.com/@Axmintdefi/
Reddit: https://www.reddit.com/user/Axmint
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aeternusfoundation · 7 months
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10 Best Crypto Wallets in the World
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The world of cryptocurrency continues to evolve rapidly, attracting new investors and enthusiasts daily. As you delve deeper into this exciting space, securing your digital assets becomes paramount. This is where crypto wallets come into play. They act as digital vaults, storing your cryptocurrencies and allowing you to manage them securely.
What are Cryptocurrency Wallets?
Unlike traditional wallets that hold physical cash, crypto wallets don't actually store the coins themselves. Instead, they hold the private keys, which are essential for accessing and managing your cryptocurrency on the blockchain network. These keys are like passwords that grant you control over your digital assets.
There are two main types of crypto wallets:
Hot wallets
These are software-based wallets accessible through your computer, phone, or web browser. They offer convenience and ease of use but may be more susceptible to hacking attempts due to their online connection.
Cold wallets
Also known as hardware wallets, these are physical devices resembling USB drives that store your private keys offline. They provide the highest level of security but can be less convenient for everyday transactions.
How to Choose the Best Crypto Wallet?
Selecting the right crypto wallet depends on various factors, including:
Security
This is the most crucial aspect. Consider the wallet's reputation, security features like two-factor authentication and multi-signature support, and whether it's hot or cold storage.
Ease of use
If you're a beginner, prioritize user-friendly interfaces and intuitive navigation.
Supported currencies
Ensure the wallet supports the cryptocurrencies you hold or plan to invest in.
Some wallets offer features like staking, integrated exchanges, or NFT support, which might be important for specific users.
10 Best Crypto Wallets in the World
1. Coinbase Wallet
Coinbase Wallet, offered by the popular exchange Coinbase, is an excellent choice for newcomers. It boasts a user-friendly interface, supports various cryptocurrencies, and integrates seamlessly with the Coinbase exchange for easy buying and selling.
2. MetaMask
MetaMask is a popular browser extension wallet widely used for interacting with decentralized applications (dApps) built on the Ethereum blockchain. It offers a secure platform for managing Ethereum and ERC-20 tokens, making it ideal for DeFi enthusiasts.
3. Trust Wallet
Trust Wallet, acquired by Binance, is a mobile-centric wallet that caters to a broad audience. It supports a wide range of cryptocurrencies and tokens, including NFTs, and integrates with various DeFi platforms for seamless interaction.
4. Electrum
Electrum is a lightweight and open-source Bitcoin wallet known for its security and advanced features. It caters specifically to Bitcoin users and offers granular control over transactions and fees, making it popular among experienced users.
5. BlueWallet
BlueWallet prioritizes user experience and security for Bitcoin storage on mobile devices. It offers innovative features like multi-signature support, watch-only mode, and integration with the Lightning Network for faster transactions.
6. Exodus
Exodus provides a visually appealing and user-friendly desktop interface for managing various cryptocurrencies. It offers built-in exchange functionality, allowing users to swap assets directly within the wallet, and educational resources for beginners.
7. Crypto.com DeFi Wallet
Crypto.com DeFi Wallet, separate from the centralized Crypto.com exchange, empowers users to manage their crypto assets and participate in DeFi activities like staking and earning rewards directly within the wallet.
8. KeepKey
KeepKey is a user-friendly hardware wallet offering a simple interface and secure storage for your cryptocurrencies. Its affordable price point makes it a good option for beginners seeking an extra layer of security.
9. Trezor
Trezor is a renowned hardware wallet known for its robust security features and long track record. It offers multi-coin support and advanced security options, making it ideal for security-conscious users holding significant crypto assets.
10. Ledger Nano S Plus
Ledger Nano S Plus strikes a balance between affordability and security, making it a popular choice among hardware wallet users. It supports a wide range of cryptocurrencies and integrates with various software wallets for added convenience.
Ending Note
Choosing the right crypto wallet is a crucial step in securing your digital assets. By understanding your needs, priorities, and the features offered by different wallets, you can make an informed decision that safeguards your valuable cryptocurrencies. Remember, conducting your own research and staying vigilant about security best practices is essential in the ever-evolving world of cryptocurrency.
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shubham204 · 8 months
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New SAP exhibition sheds light on NFT art
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At least not in analog form.
"A lot of artists don't know how to sell SAP," said artist Alexandra Cozgarea: "That's why we saw so much hype around digital images at the time, especially art in NFT form."
SAP's latest exhibition is called "Blockchain Poems", featuring 47 works by 18 artists, the company's first exhibition dedicated to NFT art. So what are NFTs?
NFT stands for Non-Fungible Token. This is a unique, immutable and immutable digital asset stored on the blockchain that acts as a certificate of authenticity and ownership for physical or digital assets (e.g. as pictured). It takes the form of a code containing special expressions.
NFT on the Art Market
If you want to buy NFT art, you need to have a cryptocurrency and a crypto wallet installed on your smartphone. The internet is the “NFT Marketplace” where people can browse NFTs or search for works by specific artists. Anzali is one of them.
Cozgarea said, "These platforms are a bit like sites." "Here, artists who want to sell their work upload their work to the central blockchain to create NFTs, in a process called 'minting.' The specification is the same; in this case, the image displayed on the platform will be the same but the digital number will be slightly different for each document. This means that all of the artists' art It means they can print their works and sell them on the NFT market.
"Many functions of these markets are created digitally and added directly to the blockchain as NFTs," Kozgalea said. "However, it is also possible to create NFTs from simulated works of art, such as paintings or sculptures. You can do this by taking a photo of the artwork and uploading it as a JPG file." You can bid or make an offer if a fixed price is stated. If the artist accepts your request, the NFT is released and payment is made using the cryptocurrency stored in your wallet. You will then receive a link containing the NFT address which can be transferred to your wallet.
The retrieved work can be viewed at any time by clicking on the link or scanning the QR code as JPG, video or other file.
“The artists exhibiting NFTs at SAP in Walldorf print their images as files on a USB stick,” Cozgarea said. “The original artwork remains safe on the blockchain, so if the stick is lost or stolen, ownership is not affected.”
SAP is working on NFT management solutions >The impact of NFT goes far beyond other areas of the business, painting. Businesses in the community are also aware of their potential. A team at SAP spanning three countries is developing an NFT management solution focused on customer engagement and loyalty programs.
To demonstrate the feasibility of this solution, visitors to the opening night of the SAP Art Show were invited to see the NFT created by SAP. Sven Haiges, a software developer at SAP's Munich lab, explains the background: "We work with MetaBrewSociety, based in Bavaria, Germany. This is a startup that raises part of its capital by selling NFTs. By scanning the beer we order from them, Haiges identifies the QR on the can." "With the code, customers and visitors to SAP events can now claim one of our own NFTs created using our NFT management system, just like young people," he said. But he expects interest and participation to fully increase.
Cozgarea sees NFTs as a response to digitalization, which he defines as the promise of openness, change, and a degree of freedom. "NFT brings the concept of ownership in the digital age. People are looking for something special," he said.
47 works of 18 different artists are exhibited at the SAP Training Center in Walldorf. Organizations decide not to publish jobs on the blockchain because it requires too much energy.
Cozgarea said, "There are only digitally produced products in this exhibition." “But it also includes works based on traditional works of art and using the possibilities of digitalization such as reality.”
One of the participants, Reinhard Schmid, said: “I created my first crypto art in 2018. I have been featured in various publications and exhibitions. “The Poetry of Blockchain” is important to me. Having a global player to showcase SAP's NFTs is important for me as an artist and for the entire Web3 community. "
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sfujioka1 · 8 months
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2024.01.28
成長の見通しが目立つ3つの仮想通貨 3 Crypto Exhibiting Outstanding Prospects for Growth 
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カテゴリ:仮想通貨
----Blo-katsu AD----
----Blo-katsu AD----3 Crypto Exhibiting Outstanding Prospects for Growth成長の見通しが目立つ3つの仮想通貨
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Sam Maiyaki サム・マイヤキ
View on Medium メデイアでの見解Introductionはじめに
Experience the exhilaration of the next cryptocurrency bull market with this electrifying surge. この電撃的な急騰で、次の暗号通貨の強気市場の高揚を体験してください。
Get ready to ride the wave of unprecedented opportunities as the digital currency landscape enters a new era of growth and potential. デジタル通貨の世界が成長と可能性の新時代に突入する中、前例のない機会の波に乗る準備をしてください。
Take advantage of the chance to be part of this thrilling journey towards financial success. 経済的な成功に向けたこのスリリングな旅に参加するチャンスをご活用ください。
Embrace the future of finance and seize the moment now. 金融の未来を受け入れ、今この瞬間をつかみましょう。
Unsurprisingly, we witness a surge in other high-growth cryptos, mirroring the trajectory of the world’s largest digital currencies. 当然のことながら、世界最大のデジタル通貨の軌跡を反映して、他の高成長仮想通貨の急増を我々は目撃しています。
This occurrence is consistent with previous trends, indicating that the current situation is no exception. この出来事は以前の傾向と一致しており、現在の状況も例外ではないことを示しています。
Undoubtedly, Bitcoin stands out as one of the most promising cryptocurrencies, captivating the attention of even the most cautious investors. 間違いなく、ビットコインは最も有望な暗号通貨の1つとして際立っており、最も慎重な投資家でさえも注目を集めています。
Discover an exceptional selection of high-growth cryptocurrencies poised to thrive in the ever-evolving market. 進化し続ける市場で成功する態勢を整えた高成長の暗号通貨の並外れた選択を発見してください。
This carefully curated list is tailored for individuals seeking to navigate the crypto sector with a medium-term investment approach strategically. この慎重に精選されたリストは、中期的な投資アプローチで仮想通貨セクターを戦略的にナビゲートしようとしている個人向けに調整されています。
In addition, it is worth noting that this list includes two other tokens that possess fundamental distinctions from Bitcoin. さらに、このリストには、ビットコインとの基本的な違いを持つ他の2つのトークンが含まれていることは注目に値します。
Discover the projects that demand your attention at this very moment if you are among those who anticipate a potential surge in the crypto sector during the second half. あなたが、下半期に仮想通貨セクターが急増する可能性があると予想する人であるなら、この瞬間に注意が必要なプロジェクトを発見してください。
Crypto Exhibiting Outstanding Prospects for Growth №1: Monero (XMR) 成長の顕著な見通しを示す仮想通貨No1:モネロ(XMR) Discover the ultimate privacy coin that ensures unparalleled security and anonymity — introducing the key privacy coin, a revolutionary digital currency designed to safeguard your personal information and protect your financial transactions. 比類のないセキュリティと匿名性を保証する究極のプライバシーコインを発見してください — 個人情報を保護し、金融取引を保護するために設計された革新的なデジタル通貨である主要プライバシーコインを紹介します。
With cutting, Discover the elegance of Monero (XMR), a cryptocurrency that boasts a remarkable simplicity in its design and functionality. 最先端のイノベーションにより、デザインと機能の驚くべきシンプルさを誇る暗号通貨であるモネロ(XMR)のエレガンスを発見してください。
Experience the cutting-edge innovation of our revolutionary project, dedicated to safeguarding transacting parties’ privacy and anonymity in every cryptocurrency transaction. すべての暗号通貨取引において取引当事者のプライバシーと匿名性を保護することに専念する革新的なプロジェクトの最先端のイノベーションを体験してください。
XMR’s mission is to provide a secure and discreet environment for individuals to engage in seamless transactions, ensuring their identities remain completely concealed. XMRの使命は、個人がシームレスな取引を行うための安全で目立たない環境を提供し、身元を完全に隠しておくことです。
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nadcablabs9616 · 4 months
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Cryptocurrency Wallets and Token Standards: Key Innovations Driving Crypto Adoption
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What is a Wallet in Cryptocurrency?
A wallet is a digital tool that facilitates the storage, management, and transaction of digital assets like Bitcoin, Ethereum, and various other cryptocurrencies. Unlike a physical wallet, which holds currency, a cryptocurrency wallet doesn't store actual coins but rather the secure digital keys used to access public blockchain addresses and carry out transactions.
Improving Crypto Compatibility & Functionality
Cryptocurrency wallets are continually evolving to improve their compatibility with different blockchains and enhance the functionality they offer to users. These improvements often include supporting a broader range of cryptocurrencies, ensuring higher security standards, and integrating user-friendly features for a seamless experience. Below are some of the leading cryptocurrency wallets that exemplify these advancements.  There are a variety of cryptocurrency wallets to choose from, including:
1.      Ledger Nano X
·     Compatibility: Supports over 1,800 digital tokens and coins.
·     Security: Features a Secure Element chip, akin to the technology used in passports and credit cards, enhancing security.
·      Functionality: Works with Ledger Live apps for mobile and desktop, offering a rich feature set for managing cryptocurrencies.
2.      Metamask
·         Popularity: With over 21 million users, it’s one of the top choices in the market.
·         Compatibility: Allows for easy management of a broad range of digital assets.
·   Functionality: Includes a browser extension and mobile app, secure login, and integrated token exchange options.
3.      Trezor Wallet
·    Compatibility: Supports over 1,600 cryptocurrencies, including major ones like Bitcoin and Ethereum.
·    Functionality: Connects to computers via USB and can function as a cold wallet, enhancing security by keeping private keys offline.
4.     Coinbase Wallet
·    Compatibility: Designed by the creators of the Coinbase exchange, facilitating seamless integration with the exchange.
·    Functionality: Allows storage of cryptocurrencies and NFTs, participation in ICOs and airdrops, and the ability to transact with stores accepting cryptocurrencies.
These wallets are at the forefront of promoting wider crypto adoption by making it easier and safer for users to manage their digital assets across various platforms.
What is a Token Standard?
A token standard is essentially a set of guidelines that defines how a token behaves within the blockchain ecosystem. It specifies how tokens can be transferred, how transactions are approved, and how data is accessed. This uniformity ensures that tokens will operate seamlessly across different blockchain applications and services, including wallets and exchanges.
Improving Crypto Compatibility & Functionality
The adoption of token standards is crucial for maintaining a functional and interoperable crypto ecosystem. Here are some of the key standards that play pivotal roles in this context:
How many distinct token standards exist?
ERC-20
Perhaps the most widely recognized token standard, ERC-20, has become synonymous with fungible tokens on the Ethereum blockchain. It defines a common list of rules that all Ethereum tokens must follow, making it easier for developers to create tokens that will be compatible with the vast ecosystem of Ethereum products.
ERC-621
An extension of ERC-20, ERC-621 allows for the increase or decrease of token supply. This added flexibility can be crucial for dynamic financial applications and can help manage token-based economies more effectively.
ERC-1155
Known for its efficiency and flexibility, ERC-1155 enables a single contract to contain both fungible and non-fungible tokens. This multi-token standard allows for more complex asset management systems, reducing the transaction and storage costs associated with smart contracts on Ethereum.
ERC-165
This standard allows smart contracts to publish which interfaces they implement, making it easier for applications to determine the functionality of different contracts automatically. This capability is fundamental for developers when building interoperable contracts and applications.
ERC-223
Building upon ERC-20, ERC-223 aims to address issues like token loss in transactions. It allows tokens to be sent to and handled by contracts within a single transaction, reducing the chances of errors and improving security.
ERC-865
ERC-865 presents a method for delegating transactions to third parties. This standard lets users pay transaction fees using the tokens themselves instead of using ETH, enhancing usability and functionality for users who may not hold Ethereum but possess token assets.
ERC-827
An improvement to ERC-20, ERC-827 offers additional capabilities, including the ability to approve, transfer, and call data within transactions. This enhances interaction between contracts and makes token contracts more powerful and flexible.
ERC-884
Specifically designed for Delaware-based companies, ERC-884 encodes Delaware General Corporation Law into Ethereum tokens, representing tradable shares. These standard addresses legal compliance and identity privacy, paving the way for blockchain-based corporate governance.
ERC-4626
A newer standard, ERC-4626, standardizes tokenized vaults, allowing developers to build on top of existing protocol-controlled vaults. This standard simplifies the creation of yield-generating products and is integral to the decentralized finance (DeFi) landscape.
Conclusion: In conclusion, the evolution of wallets and token standards is pivotal in enhancing the compatibility and functionality of cryptocurrencies. As the crypto landscape expands, the need for seamless integration and user-friendly experiences becomes more apparent. With initiatives like those pioneered by Nadcab Labs, individuals and businesses can access tailor-made solutions to develop their own crypto wallets. Whether it's for DeFi, crypto trading, NFTs, Tron, or Web3 applications, Nadcab Labs empowers users to navigate the complex crypto ecosystem with ease. By embracing these advancements, we pave the way for broader adoption and innovation in the world of digital finance.
Author Profile
Nadcab Labs — A Leading Blockchain Developers With over 8+ years of experience in Custom Blockchain Development, Smart Contract Development, Crypto Exchange Development, Token Creation and Many More Services.
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fundcrypto · 9 months
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Wax crypto NFT: A Guide to Buying and Storing
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NFTs, or non-fungible tokens, are unique digital assets that can represent anything from art and music to games and collectibles. They are stored on a blockchain, which is a distributed ledger that records transactions and ensures their security and authenticity. NFTs have become very popular in recent years, as they offer new ways for creators and collectors to interact and monetize their work.
One of the most promising blockchains for NFTs is Wax, which stands for Worldwide Asset eXchange. Wax is a fast, scalable, and user-friendly platform that supports both gaming and non-gaming NFTs. Wax also has a patented technology called vIRL®, which allows NFTs to connect to real-world products and services, such as physical goods, experiences, or donations.
In this guide, we will explain what Wax crypto NFTs are, where you can buy them, and how you can store them safely.
What are Wax crypto NFTs?
Wax crypto NFTs are digital tokens that represent unique items on the Wax blockchain. They can be anything from art pieces, music albums, game characters, virtual land parcels, sports memorabilia, or even real-world goods like cars or houses. Wax crypto NFTs have various properties that make them different from other types of NFTs:
vIRL®: vIRL® stands for Virtual Reality Linking. It is a feature that enables some Wax crypto NFTs to interact with the physical world through smart contracts. For example, an artist can create an NFT that represents a painting that can be displayed in a gallery or sold at an auction. The buyer can then use their smartphone to scan the QR code on the painting and access its vIRL® features. The buyer can also donate the painting to a charity or use it as collateral for a loan.
WAXP: WAXP is the native token of the Wax blockchain. It is used to pay for fees on the network and to access various services on the platform. WAXP holders can also stake their tokens to earn rewards or participate in governance decisions.
WAX Cloud Wallet: WAX Cloud Wallet is a web-based wallet that allows users to create, manage, and access their accounts on the Wax blockchain. It also provides users with an easy way to buy and sell WAXP tokens using credit cards or other payment methods.
Where can you buy Wax crypto NFTs?
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There are several ways to buy Wax crypto NFTs on the platform:
Marketplace: The Marketplace is where users can browse through thousands of existing WAX crypto NFT collections from various categories and genres. Users can also create their own collections using tools like Art Blocks or Rarible Studio.
AtomicHub: AtomicHub is a secondary marketplace where users can buy and sell WAX crypto NFTs directly from each other without intermediaries or fees. Users can also trade their WAXP tokens for other cryptocurrencies like ETH or BTC.
Wombat Wallet: Wombat Wallet is another web-based wallet that allows users to buy WAXP tokens using credit cards or other payment methods without any fees or commissions.
How do you store your Wax crypto NFTs?
There are different ways to store your Wax crypto NFTs depending on your preferences:
WAX Cloud Wallet: The easiest way to store your Wax crypto NFTs is by using the WAX Cloud Wallet itself. You just need to create an account using your email address or social media login credentials and link it with your credit card or bank account. You will then receive your WAXP tokens in your wallet balance automatically when you buy them from the Marketplace or AtomicHub.
Ledger Hardware Wallet: If you want more security than convenience, you can use a Ledger Hardware Wallet to store your Wax crypto NFTs offline. A Ledger Hardware Wallet is a device that connects to your computer via USB or Bluetooth and acts as a secure vault for your private keys. You will need to download the Ledger Live app on your computer and follow the instructions on how to set up your device with your WAX Cloud Wallet account.
Exodus Software Wallet: Another option for storing your Wax crypto NFTs offline is by using Exodus Software Wallet. Exodus Software Wallet is an app that allows you to manage multiple cryptocurrencies across different blockchains from one interface. You will need to download the Exodus app on your computer or mobile device and import your private keys from your Ledger Hardware Wallet account.
Conclusion
Wax crypto NFTs are digital assets that represent unique items on the Wax blockchain with various features such as vIRL®, WAXP tokenization, marketplace trading, secondary market trading, cloud wallet storage options etc… They offer new possibilities for creators and collectors who want to express themselves creatively through digital art while also connecting with real-world products
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metamoonshots · 1 year
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[ad_1] Within the fast-paced world of cryptocurrency, safety is paramount. You safeguard your monetary kingdom’s non-public key once you personal crypto belongings. A hardware pockets is crucial to make sure that your digital wealth stays secure and below your management. Among the many main selections on this area are Ledger hardware wallets, famend for his or her strong safety and user-friendly options. On this article, we’ll discover why Ledger hardware wallets are the neatest solution to safe crypto.One of many standout options of Ledger hardware wallets is the Ledger Reside app, a one-stop store for self-custodians. With Ledger Reside, you may:Whether or not you need to buy Bitcoin, Ethereum, or different cryptocurrencies, Ledger Reside enables you to purchase them utilizing credit score/debit playing cards or financial institution transfers, all securely inside the app.Change one cryptocurrency for an additional shortly and securely by way of Ledger Reside with their accomplice suppliers, simplifying the method of portfolio diversification.Earn rewards by staking cryptocurrencies like Ethereum, Solana, Cosmos, and extra immediately by way of Ledger Reside, permitting you to develop your belongings passively.Securely ship and obtain over 500 cryptocurrencies, together with fashionable choices like Bitcoin, Ethereum, XRP, Cardano, and Polygon, all from one utility.Ledger provides a variety of hardware wallets to cater to totally different wants:Excellent for entry-level customersSecurely manages crypto and NFTsIncludes a user-friendly desktop interface and USB-C connectivityA well-liked alternative for on-the-go customersOutfitted with Bluetooth for cell connectivityHelps each desktop and cell platforms with USB-C compatibilityLedger’s most superior and customizable crypto pocketsIncludes a curved E Ink touchscreen for an enhanced crypto expertiseAffords Bluetooth, contact display, and USB-C connectivityOnce you personal cryptocurrencies, you primarily maintain non-public keys granting entry to your digital belongings. Ledger hardware wallets maintain these non-public keys secure in a licensed safe chip, guaranteeing that solely you may entry them. Any transaction requires verification on the machine’s trusted show and bodily affirmation by you, enhancing safety.Ledger hardware wallets combine with the Ledger Reside app, empowering you to handle over 5,500 cash and tokens immediately out of your smartphone or desktop. This single app enables you to securely purchase, promote, change, and develop crypto belongings, simplifying your crypto journey.Ledger hardware wallets are licensed by ANSSI, the French cybersecurity company, for his or her safety. They characteristic a safe aspect (SE) chip that may securely host cryptographic information, and so they run a customized working system (BOLOS) to guard in opposition to malicious assaults. Ledger additionally employs a real test authentication course of to make sure the integrity of your machine.With over 5 million gross sales, Ledger hardware wallets are trusted by each newcomers and specialists within the crypto area. Their assist crew provides help in a number of languages, offering customers with dependable steering and assist.Self-custody, independently managing your crypto belongings, provides comfort and safety. Through the use of Ledger hardware wallets and Ledger Reside, you may get pleasure from:Actual possession of your crypto belongingsEnhanced safety with non-public keys saved offlineEntry to a variety of supported cryptocurrenciesSeamless interplay with decentralized finance (DeFi) companiesA transparent interface for managing your transactionsLedger hardware wallets help you take part within the thrilling world of DeFi. Securely storing your non-public keys enables you to work together immediately with numerous DeFi companies by way of the Ledger Reside app. This degree of safety ensures secure and easy transactions as you discover the infinite prospects of decentralized finance.
Ledger Reside supplies a easy and clear interface that lets you monitor your stability and handle all of your transactions. Along with your Ledger hardware pockets, you've full management and may confirm all transactions on the machine’s display, guaranteeing whole safety and peace of thoughts.With the Ledger Reside app, you may securely handle over 5,500 cash and tokens, together with fashionable choices like Bitcoin, Ethereum, XRP, and extra. For belongings not supported on Ledger Reside, you should utilize appropriate exterior wallets to handle your crypto.To safe your cryptocurrency and luxuriate in the advantages of self-custody, it’s important to get a Ledger hardware pockets:Select a Ledger hardware pockets: Choose the machine that fits your wants.Pair with Ledger Reside: Join your Ledger pockets to the Ledger Reside app to handle your crypto belongings conveniently.Add Crypto: Use Ledger Reside to buy, swap, and develop your crypto belongings securely. Your Ledger hardware pockets supplies the best degree of safety to your holdings.With Ledger hardware wallets, expertise peace of thoughts and full management over your digital belongings. Be part of the hundreds of thousands of customers who belief Ledger to guard their crypto investments.For companies seeking to enter the world of Web3 with confidence, Ledger Enterprise provides a set of instruments, expertise, and training. With Ledger’s self-custody options, you may scale, safe, and streamline your digital asset operations, guaranteeing full management and safety.Uncover the advantages of self-custody and unlock the complete potential of your crypto belongings with Ledger hardware wallets and Ledger Reside. Begin your journey in the direction of safe and unbiased crypto administration as we speak.Disclaimer: Cryptocurrency investments include dangers, and it’s important to conduct thorough analysis and search skilled recommendation when making monetary choices within the crypto area. [ad_2]
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ailtrahq · 1 year
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Trezor, a major provider of crypto hardware wallets, has launched two new products: Trezor Safe 3 and Trezor Metal. The new models were announced at the Bitcoin Amsterdam conference that takes place Oct. 12-13 in the Netherlands. Trezor Safe 3 Trezor Safe 3 is the third generation of Trezor’s flagship hardware wallet, which supports over 1,000 coins and tokens. Trezor Safe 3 features a larger touchscreen, a faster processor, a USB-C port, and a redesigned interface. Trezor Safe 3 also introduces a new feature called WalletGuard, which allows users to lock their device with a PIN or passphrase and recover it remotely in case of loss or theft. Trezor Metal Trezor Metal is a premium metal backup device that stores the recovery seed of the hardware wallet in a durable and tamper-proof way. Trezor Metal is made of stainless steel and has a laser-engraved QR code that the Trezor app can scan to restore the wallet. Trezor Metal is compatible with Trezor Safe 3 and Trezor One devices. The new products are available for pre-order on the Trezor online store and will start shipping in November 2023. Trezor Safe 3 is $199, and Trezor Metal is $149. Customers who pre-order both products will get a 10% discount. Trezor wallets in review The Trezor wallets, including the Model One and Model T, are known for their robust security features. They use encryption and offline storage to protect users’ private keys, essential for accessing and managing their cryptocurrencies. Trezor wallets resist online attacks and hacking attempts by keeping the private keys offline. In November 2018, Trezor released a firmware update for their wallets, adding support for several cryptocurrencies, including Monero, Cardano, Stellar, Ripple (XRP), Tezos, Decred, Groestlcoin, Lisk, and Zencash. This update was described as a community-driven effort, highlighting the collaborative nature of Trezor’s development process. However, in December 2018, it was revealed that Trezor wallets without a passphrase or password were vulnerable to a new attack vector. Hackers demonstrated that they could exploit this vulnerability to gain unauthorized access to the wallets. This highlighted the importance of using a passphrase or password to enhance the security of Trezor wallets. In April 2023, Trezor announced a collaboration with Wasabi to integrate the CoinJoin option into their wallets. CoinJoin is a privacy-enhancing technique that allows users to conceal their transaction history and balances when conducting Bitcoin transactions. This optional feature can be activated by creating a new CoinJoin account in the Trezor menu.
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