What is the currency of the encrypted digital wallet? Purse, we all know, is used to hold money, and in the world of chain blocks, wallet is used for digital currency assets, such as COINS (BTC), etheric fang (ETH), Wright coin (LTC),
[color=# FF0000] what is hot wallet?
Hot wallet is refers to the Internet to be able to access your private key purse, wallet is often borne by server set up purse form such as exchange, users in the currency exchange have wallet file with the private key is actually stored in exchange server, exchange server once leaks, invasion, inside job is you can't stop, platform shut down after your money, when using thermal wallet, best in different flat exchange set different passwords to ensure the safety of their assets, because of the heat exchange purse not decentralized novice small white easy to operate, but exchange exists high risk been black exchange baidu abound,
is cold wallet?
BTC is cold wallet store your encryption currency is not connected to the wallet, such as in BTC wallet website generated BTC wallet file to add password, private key, mnemonic word, from the online store, you can store in the U disk, mobile phone, cold purse is the greatest advantage of digital currency security is highest,
recommended ETHMM purse, wallet cold storage:
https://www.ethmm.com/
the structure of the digital currency purse!
1, BTC wallet address
BTC wallet address is a string of a string, the function is used to transfer, BTC wallet address can understand into a bank card number, you can tell anyone, anyone can know you BTC wallet address to your address BTC purse digital currency, different digital currency address is also different, such as BTC and ETH address is different,
2, BTC private key wallet
BTC purse the asymmetric encryption private key from the cryptography, is symmetric encryption (using the username and password), was used for data encryption and decryption, the earliest is now widely used in digital storage and in the currency of the trading,
BTC private key wallet like bank card password, BTC purse the private key can be used under the corresponding address of digital assets, but the bank card password is set up by oneself, and BTC purse the private key is randomly generated a numeric value,
3, BTC wallet password
In creating BTC purse, you need to set up a password, the password used mainly: 1. The transfer payment password; 2. Import the BTC wallets need to verify the password, the password is the user active set, but security is far lower than the private key, BTC purse password mainly have the effect of double protection,
4, BTC wallet mnemonic words
Word mnemonic is BTC BTC purse wallet is another manifestation of the private key, private key function is equal to BTC purse, BTC wallet mnemonic term for 12 to 15 or more of the English word, by BTC wallet mnemonic words can find wallet BTC private key, reducing BTC wallet purse, so BTC wallet mnemonic word is important, most wallet will prompt the user backup mnemonic word, in order to restore the purse,
5, BTC purse public key
BTC purse public key is generated by BTC private key purse, but does not obtain in BTC purse public key backward BTC private key purse, BTC purse the role of the public key is with signature matching is used to prove "I am the proud owner of BTC private key wallet", public key and BTC BTC purse purse up private key in a key pair, stored in BTC purse, BTC purse at the same time the public key and operation through a series of algorithm to obtain the BTC purse address,
the matters needing attention when using digital currency purse!
1, keep the wallet file + password, unlock can send encrypted currency by importing the wallet file + password, once lost, can not find,
2, keep the private key, the exclusive owner of the unique private key is you can enter the private key to complete the unlock send encrypted currency, once lost, can not find,
BTC wallet file + password, private key, more than a few respectively in different U disk backup the safest, money will never be your encryption steal others! [/color]