Jun 23, 2021
The History of Blockchain Wallets
(From 2009–2013)
In the year of 2009, Bitcoin Mainnet was set up. The blockchain had just started in this period. As a huge distributed ledger, bitcoin just has transfer and accounting functions.
The main function of the earliest wallet was to store bitcoin. That is to say, only one kind of coin could be stored by a wallet during this period.
(From 2014–2018)
In the year of 2014, Ethereum launched. It declared that the blockchain entered the 2.0 period. Smart contracts began to be used for blockchain.
(From 2018-Today)
In the year of 2018, the blockchain entered the 3.0 period.The issues such as slow transfer speed and high miner fees are optimized. At this time, The high transfer speed and high scalability of the blockchain are realized, and the most representative blockchain is EOS.
In addition to the basic storage and transfer functions, the wallet can also interact with the on-chain contracts in real time.Wallet is no longer a simple asset management tool, It becomes a public blockchain ecological service platform. At the same time, the single-chain wallet can not meet the user’s needs, **more and more wallets begin to develop multi-chain wallets.**For example, TokenPocket wallet, supports assets on EOS, Bitcoin, Ethereum, TRON and IOST.
Nowadays, the functions of the wallet are no longer limited to store the cryptocurrencies. Users can create an account, manage and trade their assets, play DApps, get market information through the wallet.
The wallet has gradually assumed its role as the portal to the world of blockchain .
