Wallet Types

This page provides information about the various wallet infrastructure options available through Planbok, allowing you to select the most suitable type that aligns with your business's unique needs.

The wallet categories are categorised by the entity responsible for managing the assets within the chosen wallet type. It's crucial to grasp the distinctive features of the available wallet options and select the one that aligns with the requirements of your development architecture.

Planbok provides two distinct types of wallets:

• Developer Wallets

• User Wallets (coming soon)

Developer Wallets

A developer wallet empowers business developers to maintain control over their users' wallets while providing them with swift and secure access to their web3 ecosystem, thereby enhancing the overall user experience.

Get started with Developer Wallets

User Wallets (coming soon)

A user wallet grants exclusive control to the business's users over their wallets. When setting up a user-controlled wallet, users are required to establish a PIN for authorisation. This PIN acts as a barrier, ensuring that the business cannot access the user's wallet, as it is necessary to enter the PIN before any wallet transaction can be approved.

Choosing a wallet type

As previously mentioned, the primary distinction between the developer wallet and the user wallet lies in who has authority over accessing the private key required for engaging with the blockchain. Both developer wallets and user wallets have the capability to sign messages, execute transactions, and interact with smart contracts. However, in the context of a user wallet, the user is the one who holds control over these functionalities, whereas in the case of a developer wallet, the business retains control over them. Furthermore, Planbok leverages state-of-the-art security practices, including secure multi-party computation, to fortify the security of its wallets.

Why choose Developer Wallets?

Developer wallets offer a valuable functionality by allowing you to create and oversee wallets on behalf of your users, as well as manage various blockchain interactions seamlessly. This robust feature set not only simplifies the process for your users but also provides them with an accessible and user-friendly gateway to leverage the full spectrum of web3 functionalities within your system.

By utilising developer wallets, your users can circumvent the need for in-depth comprehension of the intricate Web3 ecosystem. Additionally, they can rest assured that the risk of losing their assets due to a misplaced seed phrase, which is necessary for accessing the blockchain, is effectively mitigated.

Why choose User Wallets?

User wallets empower the users of your business by granting them direct access and control over the private keys of their wallets. Planbok enhances the user experience by implementing a two-factor authentication system, requiring users to enter a PIN for blockchain interactions and security questions for account recovery. This dual-layered security approach effectively reduces the potential risk associated with seed phrase loss among your users.