Shulou(Shulou.com)06/03 Report--

With the gradual improvement of the domestic blockchain digital currency trading platform, the development and use of blockchain wallets will become more and more frequent and important. when using blockchain wallets, there are several terms that must be deeply understood:

1. What is the blockchain wallet address

You can think of the blockchain wallet address as a bank card number, and others can transfer money to your wallet address. General addresses and private keys appear in pairs, and their relationship is like a bank card number and password. The address is like a bank card number to record how much money you have on the wallet address. We can simply understand the wallet address as the bank card number, and the private key of the wallet address as the password of the corresponding bank card number. You can use the money on the bank card number only if you know the bank password. So keep your blockchain address and private key when using blockchain wallets. For the system development Wechat, see the user name of the editor.

2. What is the public key of block chain

The public key of block chain is a concept in cryptography, which is obtained by an algorithm. generally, the public key of block chain and the private key of block chain appear in pairs. For example, you want to send a message to me, and the content of this letter is confidential. You use my blockchain public key to encrypt the message, and only with my blockchain private key can you see the contents of this letter. In other words, you only play the role of a postman, and only the person who keeps the private key can see the contents of the letter.

3. What is the private key of block chain

According to the concept of block chain address and block chain public key, it is easy to understand what block chain private key is. You can think of it as your bank card password. The public key of the blockchain is a random number, and the probability space of this random number is very large (256 bits, that is, the 256 power of 2). For example, randomly generate a private key: flip a coin 256 times, record the positive and negative sides with paper and pen and convert them to 0 and 1. What is the concept of the 256 power of 2 that the randomly obtained 256-bit binary number can be used as the private key of a bitcoin wallet? Than there are molecules in the universe. In other words, it is impossible for others to generate the same blockchain private key as you.

After the development of the backup block chain wallet, there will be a backup mnemonic function, select the backup mnemonic, enter the password, there will be 12 words, each word has a space, this is the mnemonic, a wallet has only one mnemonic and cannot be modified.

The usage mnemonic is another form of private key, which has the same function as the private key. In the import block chain wallet, enter the mnemonic and set a password (without entering the original password), you can enter the block chain wallet and have the control of the wallet, you can transfer the tokens from the wallet.

Shenzhen source China Rui block chain software provider, digital assets exchange development, block chain public chain, digital assets automatic hanging order trading robot, block chain IM community software and other software system development.

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