The Blockchain Revolution1 is an illuminating, critically important manifesto for the next digital age.
Blockchain and crypto have drastically altered the way people look at the Internet and finance over the
years. DApps (decentralized Applications) are an interesting and socially important field that has
emerged with the Blockchain revolution. In this paper, we discuss how Web3-based crypto wallet
interacts with decentralized applications and how these wallets are different from Blockchain-based
crypto wallets. Today, cryptos are considered an asset in this world, however, managing these assets
seems to be a hassle. The paper will focus on different aspects of different wallets, both Web3 and
traditional blockchain-based wallet (non-Web3), and understand the importance and functionality of
each wallet. Finally, we will address the challenges and future aspects of these wallets in an increasingly
decentralized network.
The paper will revolve around crypto wallets and will explain how smart contracts act as a bridge
between blockchain and decentralized applications. Furthermore, we will discuss how Web3 and
decentralization can be a powerful tool for this world, if used ethically.