Not long ago, we talked about a cryptocurrency called Ethereum in the article: Ethereum Cryptocurrency: Everything A Beginner Needs To Know.
Since then, Ethereum keeps scaling new heights every day. In our previous article, we saw how Ethereum is not just a cryptocurrency, it’s a smart management platform.
The Ethereum platform consumes Ether- a cryptocurrency token to perform Ethereum’s operations. Ether is used as fuel to run decentralized Ethereum apps and smart contracts, just like how we use gasoline to fuel our cars.
Luckily, there are some special Ethereum wallets available which will let us fully interact with the Ethereum platform.
What is an Ethereum Smart Contract Wallet?
Wallets which can store/trade Ether and also allow users to write, maintain, use, and deploy smart contracts are called “Ethereum smart contract wallets”.
Smart contracts are computer codes which validate, enforce and facilitate the terms of an agreement or contract. These smart contracts are implemented on Ethereum’s blockchain against a public address. So to access such addresses you require special Ethereum wallets which can interact with smart contract’s code.
There are only a few smart contact wallets available as the technology is still fresh.
Popular Ethereum Smart Contract Wallets
It claims to be an offline wallet as it uses a machine’s browser to generate necessary data, and nothing is ever stored on MyEtherWallet servers.
MyEtherWallet works like any other wallet where you can create public/private keys to buy/sell/trade Ethereum.
MyEtherWallet also has a Chrome extension available.
Jaxx is a multi-cryptocurrency mobile wallet which supports interaction with Ethereum smart contracts.
Under the “Send” section of ETH on Jaxx, you can enter your ETH address. Below that, you can define the “gas value” and see the recommended “gas value” for that contract. Some custom data or strings can also be added to the contract if you know the specific address.
Jaxx is available on iOS mobile/tablet, Chrome & Firefox extensions, and MAC/Linux desktop versions. You can download Jaxx for any platform from here.
Mist is the official desktop wallet for Ethereum. With Shapeshift enabled on Mist, you can store, trade, or exchange ETH for BTC (and vice versa).
The configuration of a Mist wallet takes some time, as it has to interact with all the Ethereum nodes for synchronization. After the sync is completed, you can write, deploy, and use Ethereum smart contracts by defining a “gas value”.
Mist is available now on Linux 32/ 64 bit, Windows 32/64 bit, and Mac OS.
Geth, Eth, and Pyethapp are three official wallets for Ethereum implemented in different languages. In order to access these wallets, you need to have some programming knowledge.
These wallets are usually used to mine Ether, create contracts, and send transactions.
- Geth – Geth Ethereum wallet is implemented in Go programming C language.
- Eth – Eth Ethereum wallet is implemented in C++ programming language.
- Pyethapp – Pyethapp Ethereum wallet is implemented in Python programming language.
These wallets are available on Windows, Linux, and Mac.
Installing and running these wallets allows you to:
- Mine Ether
- Transfer funds
- Create smart contracts and send transactions
- Explore block history
Best Wallets For Ethereum Smart Contracts
Ethereum is promising technology with many more innovations yet to come. These wallets are merely a few options available in the Ethereum ecosystem which let you interact with smart contracts and buy/sell/trade/mine Ether. But in my experience, and based on reviews, the above-mentioned wallets are the best.
Give ’em a try and let me know your experience in the comments section!
And if you like this article, do share it with your network!
Harsh Agrawal is the Crypto exchanges and bots experts for CoinSutra. He founded CoinSutra in 2016, and one of the industry’s most regarded professional blogger in fintech space.
An award-winning blogger with a track record of 10+ years. He has a background in both finance and technology and holds professional qualifications in Information technology.
An international speaker and author who loves blockchain and crypto world.
After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.
Join us via email and social channels to get the latest updates straight to your inbox.