Numerous crypto wallets operate as centralized applications. These are, for instance, Kraken or Coinbase wallet. And such apps have plenty of cons, e.g., blocking client accounts or the probability of the appearance of problems with physical servers. Because of such disadvantages, blockchain technology was created. Next, BTC appeared as a variant of such a technology. After that, crypto wallets were developed. And Iguana was among the first crypto wallets.
Software projects like Iguana are decentralized digital products that allow fast funds transfers with low commissions. Also, decentralized platforms enable performing transactions without any human or body intermediaries.
As a decentralized crypto wallet, Iguana assigns a unique identifier to each user. It’s called a personal public key. Anybody may see it. There are also private keys, though. The private keys are closed and applied solely directly to perform transactions. Users employ them as authorization tools within funds transfers.