There are many wallets that support xDai. Here are the xDai wallets you’ll want to get your hands on.
It goes without saying. Metamask is the most popular browser wallet on the planet. And it supports xDai. You will have to add xDai RPC to your wallet if you want to use the chain. If you’re moving xDai assets on other chains, you can do that too.
Frame is another browser-based xDai wallet. It’s compatible with Trezor and Ledger. And has a user-friendly interface. It even supports ENS–Ethereum name service. Doubles up as an excellent xDai wallet too.
What is xDai?
The xDai network is a decentralized digital currency and blockchain platform. It is the first of its kind to be built on the Ethereum blockchain and to successfully implement smart contract functionality in a proof-of-stake (PoS) consensus mechanism, which allows for stable and instant transactions. In order to achieve this, xDai uses a Proof-of-Authority (PoA) model that relies on trusted identity nodes rather than mining or staking. This mechanism also provides xDai users with an instantaneous transaction speed of 30 seconds or less, at almost no cost.
In addition to being a digital currency, xDai is also a platform for other projects that are trying to build their own blockchain applications using the xDai ecosystem. The platform serves as a foundation upon which developers can build their own decentralized applications (dApps), smart contracts, and services. By using the same set of protocols and tools that have been used to build the xDai network itself, third-party app developers can benefit from all of the advantages that come from building on top of existing code.
What is a cryptocurrency wallet?
A cryptocurrency wallet is a software program or hardware device that stores private and public keys and interacts with various blockchains to enable users to send and receive digital currency and monitor their balance. When you send someone crypto coins, money is not sent to them directly. Instead, it’s sent to a public address controlled by their cryptocurrency wallet. A private key authorizes the transfer of funds from the wallet. In order to spend crypto coins, the owner must know the corresponding private key and digitally sign the transaction using the wallet.