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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, showc...
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While all well-engineered non-custodial wallets are considered secure, hardware wallets are generally regarded as the most secure type of wallet.
Two key aspects contribute to their higher security s...
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Nearly all non-custodial wallet types, including Panaroma Decentralized Wallet, incorporate measures to safeguard cryptocurrency funds if the device falls into unauthorized hands.
While the unlock code ...
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Accessing wallet funds is contingent upon having access to the private key or its mnemonic phrase representation in the form of 12-24 words.
Panaroma Decentralized Wallet serves as a gateway, facilitati...
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When a user creates a wallet in a non-custodial wallet app, the app typically prompts the user to back up the associated private key. This private key is usually presented as a 12 or 24-word list, known as a mnemonic phrase or seed.
The wal...
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In situations where a phone with the wallet app is lost or no longer accessible, the wallet owner can acquire a new device and regain access to the wallet on the new device.
However, if the original dev...