The development of digital currency Wallet is mainly a tool to keep keys safely for users. It controls users' money, manages keys and addresses, tracks account balances, and creates transactions and signatures. It provides basic financial functions, such as creating wallet addresses, encrypting digital currency transfers and querying the transaction history of each wallet address.
The Composition of digital currency Wallet
1, address:
The wallet address is a string of characters used to transfer money. The wallet address can be understood as the bank card number, which can tell anyone. Anyone who knows your wallet address can transfer your wallet address to digital currency, and different digital currency addresses are also different. For example, the addresses of ETH and BTC are different.
2. Private key
The private key is a random number generated by the system through a cryptographic algorithm according to random factors in the user environment. It can be regarded as a U shield of a bank card, and the private key can be used to recover the assets of the wallet and modify the password.
3. Public key
The public key is generated by the private key and appears in pairs with the private key. The public key can calculate the address and is mainly used to generate the address.
4. Password
When creating a wallet, you need to set a password. The password is mainly: 1. Payment password when transferring money; 2. When importing a wallet, you need to verify the password. The password is set by the user actively, but the security is far lower than the private key. Passwords mainly play the role of double protection.
5, mnemonic words
The mnemonic is another manifestation of the private key, and its function is equivalent to that of the private key. Generally speaking, mnemonics consist of 12 or more English words or Chinese words. Through mnemonics, you can find your private key and get your wallet back. Therefore, memorization is very important. Most wallets will prompt users to back up mnemonics in order to recover their wallets.
The development of wallets in digital currency is mainly divided into centralized wallets and decentralized wallets.
Provide the safest, most efficient and most comprehensive chain asset service. Support multi-chain one-stop asset management. Use HD wallet technology and multi-signature encryption to ensure the security of digital assets. There is also a lot of real-time market information to master the first-hand blockchain dynamics.
Centralized wallet system
Support cross-exchange transactions, provide more convenient on-chain asset trading services, and support multi-chain one-stop asset management. Through professional security system, risk control system, hot and cold wallet system, financial monitoring system, etc. To ensure the security of digital assets from multiple dimensions.