Blockchain & Cryptocurrency Glossary

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Multi-Coin Wallet

1 min read
Pronunciation
[muhl-tee koyn woll-it]
Analogy
Like a multicurrency bank account that holds dollars, euros, and yen in one app.
Definition
A wallet supporting multiple blockchain assets across different protocols within one interface.
Key Points Intro
Multi-coin wallets provide:
Key Points

Diverse support: BTC, ETH, tokens, and more.

Unified UI: Single portfolio view.

Cross-chain swaps: Some enable atomic swaps.

Key management: Single seed for multiple chains.

Example
Exodus wallet lets users manage Bitcoin, Ethereum, and dozens of other coins with one seed phrase.
Technical Deep Dive
Wallet implements multiple coin libraries, each with derivation path and transaction serialization logic. Uses BIP‑44 for path standardization. UI aggregates balances via blockchain APIs.
Security Warning
Broad support increases attack surface; ensure each coin module is audited.
Caveat
Not all coins supported equally; some require external plugins.
Related Terms
Single-Coin Wallet
HD Wallet
Seed Phrase

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