In this article, we will take a deep dive into blockchain wallets and the technology that powers them. Litigation has been slow to protect customers (ABA, 2019), and blockchain technology is an attractive solution with its relatively secure structure and distributed nature.
Furthermore, its acceptance in various markets and industries makes it more attractive to consumers who are increasingly concerned with privacy. The number of blockchain wallet users is expected to further grow this 2021 as mobile accessibility improves rapidly. As such, the number of blockchain wallets is growing exponentially (, 2019) along with its users.Ī more recent survey revealed that there are now 68.42 million blockchain wallet users (, 2021). Bitcoin popularized the use of blockchain technology, but an increasing number of cryptocurrencies are entering the market, each with a strong number of supporters. With more than 68 million users and growing (Blockchain, 2021), the interest in decentralized digital currency is undeniably permeating beyond the fringe technology bubbles from which it originated.
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