Definition ∞ Digital wallet services provide users with the means to store, send, and receive cryptocurrencies and other digital assets. These services manage cryptographic keys and facilitate secure transactions on blockchain networks. They serve as essential interfaces for interacting with the digital asset ecosystem. These services range from software applications to hardware devices.
Context ∞ Digital wallet services are continually advancing in security features, user experience, and interoperability. Current discussions often focus on self-custody versus custodial solutions and the implications for user control and responsibility. Future developments will likely involve enhanced biometric authentication, multi-party computation, and seamless integration with decentralized applications.
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