Should all cryptocurrency wallets be open sourced?

Many people believe that all cryptocurrency wallets should be open sourced, this may not be the best option despite the current nature of open sourcing for cryptocurrency. Let’s examine some of the issues involved. Open source coding has greatly helped the cryptocurrency movement no doubt.

How secure is a 'closed source' software download?

5 Download software from an external company that is ‘closed’ source While 1 and 2 are out of the realm for 99.99% of people, these are the only 100% secure options. Given that what are the other challenges?

What are cryptocurrencies & crypto tokens?

Both cryptocurrencies and crypto tokens fall under this category. Cryptocurrency: These crypto assets are also called crypto coins and are those native to blockchains. So for instance, bitcoin (BTC) is the native cryptocurrency of the Bitcoin blockchain and ether (ETH) is the native cryptocurrency of the Ethereum blockchain.

What makes up a crypto asset?

While the definition is fluid, there are several features that typically make up a crypto asset: Cryptography: This is where the term “crypto” comes from. A cryptocurrency (or crypto for short) utilizes cryptography, which are techniques for securing information or communications. Cryptocurrencies use what’s called public key cryptography.