Wallet encryption

Wallet encryption is a security process that protects your digital financial information by converting it into an unreadable format using a password or key. This means that even if someone gains access to the wallet file, they cannot access your funds without the correct password. Encryption ensures your private keys, which control your cryptocurrencies, stay confidential and safe from hackers or unauthorized access. It's like locking your digital money in a secure vault that only you can open with your unique key or password, providing an essential layer of security for your assets.