Argent is a digital wallet that allows users to store, send, and receive cryptocurrencies. The wallet is available in both mobile and web versions, and it supports a wide range of cryptocurrencies.
Argent is one of the most popular cryptocurrency wallets, and it has been frequently compared to Ethereum’s native wallet, Mist. While both wallets allow users to store and manage their cryptocurrencies, there are some key differences between them.
Argent is a non-custodial wallet, which means that users have full control over their private keys. In contrast, Mist is a custodial wallet, which means that Ethereum Foundation has control over the private keys.
NOTE: This note serves as a warning regarding the use of Argent, an Ethereum wallet. While Argent may be marketed as an Ethereum wallet, it is important to note that there is no guarantee of security when using this service. Crypto-currency transactions are irreversible and any funds sent to the wrong address or lost due to technical issues are not recoverable. Therefore, it is strongly advised that users take all necessary precautions to ensure the safety and security of their funds prior to using Argent.
This difference is significant because it means that Argent users are not at risk of losing their funds if the Argent team is hacked or goes out of business. Additionally, Argent users can easily recover their funds if they lose their device or forget their password, thanks to the use of recovery phrases.
Another key difference between Argent and Mist is that Argent uses “smart contracts” to automatically send and receive payments. This means that users can set up recurring payments or automatically send payments to friends and family with just a few clicks.
In contrast, Mist does not currently support smart contract functionality.
So, is Argent an Ethereum wallet? While it shares some similarities with Mist, there are also some key differences between the two wallets. Argent’s use of smart contracts and non-custodial design make it a more user-friendly and secure option for storing and managing Ethereum-based assets.
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