2. What is the difference between hot wallets and cold wallets on BitP?
Hot wallets and cold wallets are two essential types of wallets used in managing digital currencies. A hot wallet is connected to the internet and allows for quick access and transactions. However, it is more susceptible to hacks and other online threats. In contrast, a cold wallet is offline, providing a much higher security level but less convenience when it comes to transactions. Users should consider balancing their assets between hot wallets for daily transactions and cold wallets for long-term storage to minimize risks.