The Parity Wallet is one of several popular solutions that were designed to serve as both a wallet and an interface between the Ethereum platform and your computer.
Like MyEtherWallet, Parity is really a browser and not just a wallet. Parity even bills itself as an “Ethereum Browser” – a browser is needed because Ethereum is really an extensive network. The idea behind Parity is to provide the fastest connection between Ethereum and other technologies possible.
Ethereum was created as a decentralized data storage solution, but it is widely used as cryptocurrency because it is encrypted and very secure. A good way to think of Ethereum is a second, encrypted network inside the internet. Parity is designed as a gateway to that network and an interface between the web and Ethereum.
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