A stellar wallet is an application component built to handle basic functionalities like account creation, key storage, queries and transaction signing to the Stellar database.
Unlike real-world wallets, Stellar wallets do not hold digital cash, at least not directly. Stellar wallets are used to sign and submit the transactions and view the Stellar ledger’s past and current state. The ledger stores data, including offers to buy and sell, accounts and balances shared by all nodes that make up a network. Wallet stores caches or references to the Stellar database, but the actual data is stored on the blockchain.
The key takeaway here is that the Stellar wallet, rather than holding or storing something, is an interface or interactive layer on top of Stellar. Therefore, Stellar wallet’s discussion revolves around accessing and surfacing data in the network rather than storing something on our end.
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