What you need to know about wallets

A very brief overview. (Get in touch if you'd like to dig deeper!)

A digital wallet is an internet-enabled application you can use to do online purchases, money transfers, and bill payments using your computer or mobile.

Depending on which wallet you choose, information about whether or not you hold a digital wallet and have received or sent transactions may depend on several factors, such as the specific digital wallet you are using and the type of transactions you have made with it.

Each transaction on the Cardano blockchain is recorded on a block, and all blocks are linked together in a continuous chain. This makes it possible to trace the flow of funds from one Cardano wallet to another.

However, it’s important to note that while transactions on the Cardano blockchain are publicly visible, the parties' identities are typically not disclosed. Transactions are identified by a unique public key, a series of alphanumeric characters that can be used to track the movement of funds.

In general, the digital wallet technology sector, and specifically Cardano's wallet ecosystem is innovating quickly. New digital wallets will offer additional features; multiple addresses, privacy-enhancing protocols and more.