encryptedprivate keys</strong></a> that<strong> safeguard the wallet </strong>against a variety of dangers such as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-malware/">malware.

/n

Hierarchical-deterministic (HD) wallets</strong></a> indicate that it issues a hierarchical structure of private as well as public addresses for the user rather than demanding them to be produced manually. They produce all addresses from one master seed.</p>\n<p>Every time a new counter value is assigned to this seed, an infinite number of additional addresses may be generated automatically depending on the new seed.</p>\n<p>The Daedalus wallet has been officially launched by <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-input-output-hong-kong-iohk/">Input-Output Hong Kong</strong></a>. This means it can be <strong>utilized throughout a number of systems</strong>. It provides the possibility to store assets in a safe manner and transfer ADA coins throughout different addresses.</p>\n<p>The user&rsquo;s geographical location has no limitations. 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Investing","slug":"trading-and-investing","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-trading.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-trading-101.jpg","rating":80,"sections":[{"slug":"where-to-trade-crypto","title":"Where Can You Trade 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One?","featured_image_id":11310,"status":"published","chapter_id":7,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/ico-vs-ido","featured_image":{"id":11310,"uuid":"315e8a2b-93a1-4870-be48-a2a09d801663","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/ico-vs-ido-featured-image.jpg","path":"crypto/storage/optimized/ico-vs-ido-featured-image.jpg","original_path":"crypto/storage/original/ico-vs-ido-featured-image.jpg","name":"ico-vs-ido-featured-image.jpg","original_name":"ico-vs-ido-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"64.39KB"},"youtube_video":null},{"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get 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Assets?","featured_image_id":6542,"status":"published","chapter_id":7,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-get-free-crypto","featured_image":{"id":6542,"uuid":"4fceb9ab-391e-4ef9-b00d-c871a49878a3","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-get-free-crypto.o.jpg","path":"crypto/storage/media/how-to-get-free-crypto.o.jpg","original_path":"crypto/storage/media/how-to-get-free-crypto.jpg","name":"how-to-get-free-crypto.o.jpg","original_name":"how-to-get-free-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.93KB"},"youtube_video":null},{"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-arbitrage-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-fud","title":"What is FUD: How to Use It to Your Advantage While Investing in Crypto?","featured_image_id":11394,"status":"published","chapter_id":7,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-fud","featured_image":{"id":11394,"uuid":"defd32c5-d3e1-4e66-9f58-e2ee316bad3a","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-fud-featured-image.jpg","path":"crypto/storage/optimized/what-is-fud-featured-image.jpg","original_path":"crypto/storage/original/what-is-fud-featured-image.jpg","name":"what-is-fud-featured-image.jpg","original_name":"what-is-fud-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"65.30KB"},"youtube_video":null},{"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your Risks?","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":8,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/investing-in-cryptocurrency","featured_image":null,"youtube_video":null},{"slug":"what-is-a-rug-pull-in-crypto","title":"What is a Rug Pull in Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto Taxes","featured_image_id":6526,"status":"published","chapter_id":7,"language":"en","order":11,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-crypto-taxes","featured_image":{"id":6526,"uuid":"1e44162c-ef1d-4010-81b4-9e8d1809aedf","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","path":"crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","original_path":"crypto/storage/media/how-to-avoid-crypto-taxes.jpg","name":"how-to-avoid-crypto-taxes.o.jpg","original_name":"how-to-avoid-crypto-taxes.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"99.10KB"},"youtube_video":null}]},{"id":8,"title":"Crypto Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":874,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Desktop Wallet?","slug":"what-is-desktop-wallet","section":"D","keyword":"Desktop Wallet","status":"published","definition":"A software wallet that is usually non-custodial refers to a desktop wallet.","content":"<p>A <strong>desktop wallet</strong> is a sort of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-software-wallet/">software wallet</strong></a> that is typically <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-non-custodial/">non-custodial. The <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrencies belonging to a specific wallet aren&rsquo;t obtained by any central platform or third party. Rather, the end-user is the only one that is able to send or receive funds using <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-private-key-secret-key/">private keys</strong></a>.</p>\n<p><strong>A few of the most well-known examples of desktop wallets are:</strong></p>\n<ul>\n<li>Guarda;</li>\n<li>Electrum;</li>\n<li>Exodus;</li>\n<li><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-atomicdex/">AtomicDEX./n/n

There are a lot of other ones out there as well.</p>\n<h3>Advantages of Dekstop Wallets</h3>\n<p>An important feature for many crypto users, particularly those that are new to crypto trading, is accessibility, which desktop wallets provide. Ease of use is another feature that desktop wallets possess since they are usually linked to trading platforms.</p>\n<p>This gives users a simple technique to check their crypto while maintaining control of their private keys.</p>\n<p>AtomicDEX and a few other desktop wallets utilize atomic swaps to execute <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-peer-to-peer-p2p/">peer-to-peer (P2P)</strong></a> cryptocurrency trading. Others have unions with <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-centralized-exchange-cex/">centralized exchanges (CEXs)</strong></a>.</p>\n<p>Users may also get desktop wallets for free, and the bulk of them employ the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-open-source/">open-source code.</p>\n<h3>Disadvantages of Dekstop Wallets</h3>\n<p>There are certain disadvantages to using a dekstop wallet. One of which is that, compared to mobile devices, there is a lack of portability. However, the vast majority of desktop wallets are compatible with a comparable <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mobile-wallet/">mobile wallet</strong></strong></a>.</p>\n<p>This indicates that users can move their seeds from a desktop to a mobile device for better portability in a fast and effective manner.</p>","level":"easy","meta_title":"What is Desktop Wallet? Definition & Meaning | Crypto Wiki","meta_description":"Desktop Wallet meaning: Desktop Wallet - A software wallet that is usually non-custodial refers to a desktop wallet.","meta_keywords":null,"language":"en","created_at":"2022-04-07T06:03:30.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-desktop-wallet"},"prevSection":{"id":865,"original_id":null,"author_id":43,"translator_id":null,"title":"What is Digital Signature Algorithm (DSA)?","slug":"what-is-digital-signature-algorithm-dsa","section":"D","keyword":"Digital Signature Algorithm (DSA)","status":"published","definition":"enables the use of digital signatures that’s based on a signature algorithm.","content":"<p>The term <strong>Digital Signature Algorithm</strong> (DSA) is used to describe a type of signature algorithm that was introduced in 1991 by the National Institute of Standards and Technology (NIST) in the United States. It was developed until it eventually reached the stage where it was able to be implemented as a part of the Federal Information Processing Standards (FIPS) in 1994.</p>\n<p>DSA is based on the difficulty of discrete logarithm problems and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-public-key-cryptography/">public key cryptography</strong></a> (asymmetric cryptography) on a public key algorithm. It&rsquo;s usually combined with other security protocols such as the <strong>Secure Sockets Layer (SSL)</strong> or Pretty Good Privacy (PGC) protocols.</p>\n<p>Before we dive even further into this term, you must know the definition of a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-digital-signature/">digital signature</strong></a>.</p>\n<p>What is a digital signature? It&rsquo;s a mathematical mechanism developed for the purpose of <strong>determining whether a digital document is authentic or not</strong>. It can also be described as a tool based on a signature algorithm that allows users to check if the message has been modified after signature.&nbsp;</p>\n<p>Firstly, a digital signature proves that a document has been sent by an authenticated party. Secondly, it establishes the fact that the document hasn&rsquo;t been tampered with.</p>\n<p>Why are digital signatures important in the first place? They&rsquo;re one of the pillars upholding the security of computers today.</p>\n<p>The digital signature algorithm is what enables the creation of digital signatures.&nbsp;</p>\n<p>They&rsquo;re generally used for digital documents but have also been applied for authenticating messages. For example, it can add another layer of security for sending and receiving emails that hold extremely sensitive information.&nbsp;</p>\n<p>The digital signature algorithm consists of three stages:</p>\n<ol>\n<li>Key pair generation;</li>\n<li>Signing a document;</li>\n<li>Verifying whether the signature of the document is correct.</li>\n</ol>\n<p>As mentioned above, the first stage is generating a DSA key pair. Its two main elements are a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-public-key/">public key</strong></a> and a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-private-key-secret-key/">private key</strong></a>. The public key, just as the name implies, is public, meaning it can be accessed and shared between multiple parties. The private key, on the other hand, remains confidential. However, it&rsquo;s always randomly generated.&nbsp;</p>\n<p>Whoever is generating the signature must know the private key so they can complete the second stage of signing the document.</p>\n<p>The public key is needed in order to verify the authenticity of the DSA signature on a document. Keep in mind that this public key must correspond to the private key which was used to generate the DSA signature.</p>\n<p>DSA secures virtual communication efforts by using mathematical functions and conjunction of public and private keys.</p>\n<p>Additionally, DSA is occasionally utilized for key exchange protocols and cryptographic nonce schemes.&nbsp;</p>\n<p>The main advantages of using a digital signature algorithm include:</p>\n<ul>\n<li><strong>Saves space</strong> unlike many other alternative algorithms;</li>\n<li>Already uses asymmetric key cryptography which makes it substantially faster;</li>\n<li>Provides protection against forgery and other criminal activities.</li>\n</ul>","level":"medium","meta_title":"What is Digital Signature Algorithm (DSA)? Definition & Meaning | Crypto Wiki","meta_description":"Digital Signature Algorithm (DSA) meaning: Digital Signature Algorithm (DSA) - enables the use of digital signatures that’s based on a signature algorithm.","meta_keywords":null,"language":"en","created_at":"2022-04-06T13:20:00.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-digital-signature-algorithm-dsa"},"currentChapter":"D","currentSection":"what-is-daedalus-wallet","chapterTitle":"D","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-daedalus-wallet","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">

Handbook Cover Page
Crypto Terms: Letter D

What is Daedalus Wallet?

Daedalus Wallet MEANING:
Daedalus Wallet - is an open-source, hierarchical-deterministic wallet available on multiple platforms.
Easy
1 minute

Let's find out Daedalus Wallet meaning, definition in crypto, what is Daedalus Wallet, and all other detailed facts.

Daedalus Wallet allows users to produce an endless number of keys from one seed. On top of that, it utilizes passwords and encryptedprivate keys that safeguard the wallet against a variety of dangers such as malware.

Hierarchical-deterministic (HD) wallets indicate that it issues a hierarchical structure of private as well as public addresses for the user rather than demanding them to be produced manually. They produce all addresses from one master seed.

Every time a new counter value is assigned to this seed, an infinite number of additional addresses may be generated automatically depending on the new seed.

The Daedalus wallet has been officially launched by Input-Output Hong Kong. This means it can be utilized throughout a number of systems. It provides the possibility to store assets in a safe manner and transfer ADA coins throughout different addresses.

The user’s geographical location has no limitations. Nevertheless, users are obligated to make sure that engaging in cryptocurrency processes is allowed within their country.

Speaking of security, in the scenario where a user creates a Daedalus wallet, it generates a 12-word seed phrase. This is done to ensure that the funds in the wallet can be regained by the rightful owner.

It is also secured with a password. This password has to be entered every time funds are sent out of the wallet.

In addition, there is also the encryption of private keys. This guarantees that the cryptographic interactions belong to the intended recipient. Thus a higher level of privacy is provided to the wallet’s user base.
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