Hi there, I’m Aaron.
Experienced marketing professional, Entrepreneur, and former cryptocurrency business owner with a demonstrated history and passion for working with cryptocurrencies. Skilled in Digital Marketing, Search Engine Optimization (SEO), Local Search Optimization, Data Visualization, Web Design, and Google Analytics.
The short answer is no, you do not need different wallets for different cryptocurrencies. Use a wallet like Exodus, Coinbase, or Trezor and you can store many different cryptocurrencies.
Proof of work vs proof of stake. Let’s start with proof of work. It describes the energy that is expended by computers in order to verify a blockchain network.
You can think of proof of stake similar to how a bank account works. You put money in your bank account, and then the bank uses your money for various reasons, and they pay you interest on it.