What is a wallet cortex (ctxc)?

Wallets Cortex contain a user's keys, allowing them to receive Cortex, sign transactions, and check their account balance. The private and public keys held in a wallet Cortex (CTXC) perform two separate functions, but are linked when they are created. Wallets Cortex contain the user's keys, not the Cortex.

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.

What is a wallet & how does it work?

Conceptually, a wallet is like a keychain in that it contains many private and public key pairs. These keys are used to sign transactions, allowing a user to prove ownership of transaction outputs on the blockchain, i.e., their Cortex. All Cortex (CTXC) are recorded on the blockchain as transactions.

What happens if a user loses a cortex wallet?

All Cortex (CTXC) are recorded on the blockchain as transactions. If a user loses their wallet, they can use a mnemonic phrase to restore it. Securing private keys and mnemonic phrases is essential to protect against internal and external threats that can compromise users' Cortex.