Decentralized wallets enable users to manage their cryptocurrencies without relying on a central authority. They provide secure storage, private key management, and facilitate peer-to-peer transactions directly on blockchain networks. These wallets prioritize user control and privacy, offering features like non-custodial ownership and compatibility with various blockchain assets. By decentralizing access and control over funds, they enhance security and empower individuals in the decentralized finance (DeFi) ecosystem.
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