Cryptocurrencies, initially, did not have any monetary worth and now, nothing seems to match their worth. Thus, it is clear that users need a safe location to store and protect their crypto funds, which gave birth to the concept of digital or crypto wallets. And as soon as the idea spread, tons of crypto wallets came to being. So, we thought of introducing you to a recent wallet service that seems to have acquired a great user base for the Solana crypto (or SOL) – the Phantom wallet. It is famously named as the factor that bridges the gap between the Solana blockchain network and the crypto users. Currently, the wallet functions as a simple web browser extension but there are rumors of ongoing operations to soon launch a mobile application. Let’s not delay and get into the good part of this information guide.

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A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.

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