Digital Asset Custody: Introduction to Wallet Infrastructure

The internet has come a long way since the early days of Web1 when web pages were static and limited in functionality. The emergence of Web2, which introduced dynamic and interactive websites, revolutionized the internet and transformed how we interact with the world. However, Web2 is still centralized, and data privacy and security are major concerns. Web3 is the next phase of the internet, which promises to be decentralized, transparent, and more secure. In Web 3.0, major developments range from how data is stored and served to novel user experiences with integrated wallet applications. At a social level, a section of the population is experimenting with a more publicly built and owned web governed by community-owned and -operated organizations enabled by blockchain technologies.

Ensuring the security of Web3 is crucial for the success and adoption of this technology. One of the most important aspects of Web3 security is the security of users’ wallets. Wallet controls access to a user’s digital assets, managing keys and addresses, tracking the balance, and creating and signing transactions.”