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Ethereum is quite an innovative initiative taken by some of the best minds across the world. No middle man, no interference, smooth running of a finite number of applications on a block chain network supported by servers located worldwide. To manage your contracts and access other applications on the block chain, you need ethers and that’s where the ethereum wallets come into play.

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Firstly, you need bitcoins to have ethers. The bitcoins get exchanged to provide you with ether tokens. You can use these tokens as a form of currency on the ethereum network to get things done. That’s all there is to this. Now, to handle and manage the ethers you have ethereum wallets. Talking about ethereum wallets, it would be perjury not to mention some of the popular wallets available out there. One such is the Mist, the official wallet being developed with the support of the foundation.

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However, it is still in the beta stage and is available as an executable on GitHub. You are at full liberty to download it and try it out yourself. If you are new to the entire tech thing, then downloading and installing a software and then handling the entire blockchain’s download will be too tough for you to handle. The most popular ethereum wallet out there is of course the MyEtherWallet. It is a site based on javascript, and it saves all the data in the client side, so as such it doesn’t put any load on the server. Apart from bitcoins, it also accepts DAO and DigixDAO, so you also get flexibility.

The best ethereum wallet is undoubtedly Jaxx. It even plans to add its own cryptocurrency soon and does away with all the faults of all the other wallets out there.