At its core, every non-custodial wallet, including Panaroma Decentralized Wallet, serves as a tool designed to securely store a wallet owner's private key(s). These keys empower the wallet app to derive payment addresses for each coin, showcase balances and enable the wallet owner to spend (transfer) cryptocurrency.
Panaroma Decentralized Wallet employs secure storage mechanisms offered by iOS and Android operating systems. Both of these operating systems provide specialized, independent storage mediums designed to safeguard sensitive data, such as private keys, ensuring their safety and inaccessibility even if the phone falls into unauthorized hands.