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The idea that one must download the entire blockchain makes maintaining a wallet very difficult Totally false. There are plenty of wallets that allow you to c
by staplers 9y ago
The idea that one must download the entire blockchain makes maintaining a wallet very difficult
Totally false. There are plenty of wallets that allow you to connect to a decentralized network of servers hosting the blockchain.
Electrum, Multibit to name a few.
- tomc1985 9y agomaybe, but I don't recall encountering any of these years ago
- staplers 9y agoThey have been around for over 5 years. I used them 5 years ago..
- 52-6F-62 9y agoFor Ethereum as well— the official wallets will let you run them in light mode which brings the chain size from approaching 100GB down to a few GB
- ReverseCold 9y agoNEM (the coin that was stolen) doesn't make any local wallet user download the chain. Instead, it uses a client server model. https://nem.io/ https://nem.io/ As such, the wallet is super lightweight and easy for an average user. Doesn't protect you from exchange hacks though.