In this video I have discussed about the latest announcement in Pi Network regarding Pi Wallets. Core team has asked for community opinion on wallets design . Custodial vs Non-Custodial Wallet #PiNetworkUpdates
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In this video, I have talked about the recent update…
Core Team is asking for the opinions of the community about Pi Wallet Designing
Custodial or Non-Custodial
It is like a locker whose key is just with you, so more secure, but if you loose the key, your money in the locker can’t be accessed.
It is like storing money in the bank, so no tension of loosing key, but it is less secure, as if the bank(cryptoexchange / 3rd party service provider) got compromised or hacked, you have to face loss..
So which will you prefer..?
Security :- Non-Custodial is more secure
Control:- Full Control in case of Non-Custodial wallet
Recovery:- No chance of recovery in case of Non-Custodial wallet
So you have to decide, if we look at core team preference, they prefer Non-Custodial
Fill the survey and submit your opinion
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Copyright Disclaimer :-
This is an educational video on the Pi Network.
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Thanks to Pixabay and its contributors for the images.