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A decentralized wallet is a digital cryptocurrency wallet that allows users to manage their digital assets while retaining complete control over their private keys. Unlike centralized wallets, which rely on third-party services to store user funds, decentralized wallets operate on a peer-to-peer network, enhancing security and privacy. Users can send, receive, and store multiple cryptocurrencies directly, minimizing the risk of hacks and unauthorized access. Decentralized wallets also often support integration with decentralized applications (dApps), allowing users to interact with various blockchain services seamlessly. With growing concerns about security and the desire for autonomy, decentralized wallets are becoming increasingly popular among cryptocurrency enthusiasts, empowering individuals to manage their digital wealth securely.

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