Our digital assets are typically stored in wallets, which act as a private key, address, and blockchain data in the Bitcoin network.
Digital currency wallets come in a variety of forms. If they are classified according to the blockchain data maintenance method, they can be divided into a full-node wallet and a light wallet.
Among them, the all-node wallet participates in the data maintenance of the network, and synchronizes all the data on the blockchain, which is more secretive and faster to verify. The light wallet is more convenient and has a wider use scene.
Here we will introduce the characteristics of these two wallets, you can choose according to your own needs.
Full node wallet
The earliest bitcoin wallet is a full-node wallet. In addition to storing the private key, the wallet also stores data for all blocks, so that the validity of the transaction data can be directly verified locally and completely decentralized.
As the earliest wallet in history, the all-node wallet has better privacy, is more secure and reliable, and can also verify transaction information faster.
The most fatal shortcoming of the all-node wallet is that it takes up a lot of hard disk space, needs to synchronize data before each use, and the operation is very cumbersome, the novice experience is not good enough, and does not support multiple digital assets.
Light wallet
However, synchronizing all block data requires a large amount of hard disk space, so the light wallet that can be run on the mobile phone, web page, etc. is now the mainstream.
The light wallet also downloads all the data of the block, but it analyzes the data and only gets and stores the transaction data related to itself locally. The runtime depends on other nodes on the Bitcoin network.
This wallet only saves data related to itself, so it is small in size and does not take up space. And the light wallet pays more attention to the user experience and is very friendly to the novice. Many light wallets support multiple digital assets.