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),
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, had better be in different flat exchange platform 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?
the etheric fang cold wallet is to store your encryption currency is not connected to the wallet, such as in the etheric website generated out of the etheric fang fang purse 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, the etheric fang wallet address
Etheric fang wallet address is a string of a string, the function is used to transfer, the etheric fang wallet address can understand into a bank card number, you can tell anyone, anyone can know your etheric fang wallet address to turn your etheric fang wallet address digital currency, different digital currency address is also different, such as BTC and ETH address is different,
2, the etheric fang wallet private key
Etheric fang 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,
Etheric fang purse the private key is like bank card password, with etheric fang purse the private key can use digital assets under the corresponding address, but the bank card password is set up by oneself, and the etheric fang purse the private key is randomly generated a numeric value,
3, the etheric fang wallet password
In creating the etheric fang purse, you need to set up a password, the password used mainly: 1. The transfer payment password; 2. Import the etheric fang wallets need to verify the password, the password is the user active set, but security is far lower than the etheric fang wallet private key, password is mainly have the effect of double protection,
4, the etheric fang wallet mnemonic word
Etheric mnemonic words are etheric fang fang purse wallet is another manifestation of the private key, private key function is equivalent to the etheric fang purse, etheric fang wallet mnemonic term for 12 to 15 or more of the English word, through the etheric mnemonic words can find the etheric fang fang purse wallet private key, restore the etheric fang wallet purse, mnemonic word is important, therefore the etheric fang purse most wallet will prompt the user backup mnemonic word, in order to restore the purse,
5, the etheric fang purse public key
Etheric public key is made up of the etheric fang fang purse wallet private key is generated, but not through the etheric public-key backward to get the etheric fang fang purse wallet private key, the role of the public key is etheric fang purse with signature match to prove that "I am the etheric fang wallet is the owner of the private key", etheric purse public key and fang wallet up private key in a key pair, stored in the etheric fang purse, wallet at the same time the etheric fang public key and operation through a series of algorithm to obtain the etheric fang wallet 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,
Ethernet fang 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!