A decentralized cryptocurrency wallet is a digital tool that allows users to store, send, and receive cryptocurrencies without relying on a central authority. Unlike centralized wallets, which are controlled by third parties, decentralized wallets give users complete ownership of their private keys, enhancing security and control over their funds. They often support multiple cryptocurrencies and integrate seamlessly with decentralized applications (dApps) on blockchain networks. With features like backup recovery, multi-signature support, and user-friendly interfaces, decentralized wallets empower users to manage their digital assets safely and independently.
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