Glossary

Hardware Wallet

A physical device designed to securely store cryptocurrency private keys offline.

What is Hardware Wallet?

A physical device designed to securely store cryptocurrency private keys offline. Clients seeking $50K-$50M loans on Lygos Finance can interact directly with our DLC smart contracts using their hardware wallets, keeping their collateral absolutely secure and offline.

Full Definition

Hardware wallets are secure, physical devices that isolate a user's private keys from internet-connected devices, protecting them from malware and hackers. To authorize a transaction, the user must physically confirm it on the device itself. They are widely considered the safest way to store substantial amounts of cryptocurrency.

How Lygos Uses This

Clients seeking $50K-$50M loans on Lygos Finance can interact directly with our DLC smart contracts using their hardware wallets, keeping their collateral absolutely secure and offline.

Why this matters for borrowers

Understanding Hardware Wallet helps you assess the real risks of Bitcoin lending. The difference between custodial and non-custodial models isn't just marketing. It's the difference between trusting a company and trusting cryptography.

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