Tonight’s class by Stacey Biko of Bitcoin Dada was truly amazing. I have learnt about what I love the most "wallets" because at the end of the day, wallets are all about money, specifically how we access Bitcoin.
I learnt about the different types of wallets and what private keys, public keys, and seed phrases really mean. I finally understand the difference between custodial and non custodial wallets. I have learnt that custodial wallets are controlled by a third party or central authority and that custodial wallets are fully controlled by you. You are responsible for everything, and if you lose your seed phrase, you cannot recover your Bitcoin.I have also learnt the importance of backing up and properly storing your private keys and seed phrase. If you don’t keep them safe, you lose access and when they’re gone, your Bitcoin is gone too. Imagine so far Bitcoin equivalent to 140 billion USD has been lost due to one losing the private keys.
Another interesting part was learning about multisignature wallets, which require multiple private keys to approve a transaction. This adds an extra layer of security because no single person or device can move the Bitcoin alone.Tonight’s session was truly eye opening, and I’m excited to keep learning! 


