A wallet is a digital pocket that holds your cryptocurrencies; hence a Litecoin wallet allows you to store, send, and receive Litecoin, the popular cryptocurrency created by Charlie Lee. Think of it as a digital equivalent of a physical wallet, but tailored for the unique properties of cryptocurrencies. So this is the most fundamental concept to getting started when building on Litecoin. You need to create a wallet. Every address you would create belongs to a wallet. In LiaaS, when creating a wallet you are creating a HD Wallet, we would discuss HD wallet soon. We have several classifications of wallets, for the purpose of development, let's talk about classification based on custody of keys, it could be a non-custody wallet or a custody wallet.

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