Blockchain wallet payment process

1. Before developing wallet, we need to have the following preparatory knowledge
first, what is a wallet and its related categories? Xrv522 can develop blockchain wallets
from the perspective of developers, this article explains to readers how to interact with wallet and how to develop a wallet
How do we understand wallets? In short, it is an entrance to connect the blockchain. At present, mature public chains such as bitcoin and Ethereum have many wallets to choose from. Generally, the wallet needs full access to your user assets, that is, it will ask you to enter the private key. The evil cost of wallet is very low, which is one of the reasons why I suggest to choose open source wallet.

2. The essence of a blockchain wallet is a private key, which is a random hash string. If you have the private key, you have the right to use the wallet. According to the storage method of the private key, it can be divided into cold wallet and hot wallet
cold wallet refers to the wallet where the network can't access your private key. Generally, it will take a notebook to record it. Although it avoids the risk of being stolen by hackers, it may also be lost
a hot wallet is a wallet that can access your private key on the Internet. Hot wallets are often in the form of online wallets, which are not easy to lose, but also have risks.

3. The blockchain wallet is used to store the token virtual digital assets on the blockchain
is similar to Alipay or bank card.

4. In order to understand the blockchain wallet, we must first understand several core concepts
1. Wallet address: similar to the bank card number, a person can have multiple bank cards. Similarly, he can also have multiple wallet addresses. A wallet address can only correspond to one private key
2. Wallet ID: customer ID (name) similar to bank card
3. Public key and private key: the holder of the private key is the holder of the currency in the bank card. The private key can calculate the public key, the public key can generate the wallet address through a series of digital signatures, and the data encrypted by the private key can be decrypted by the public key, or vice versa
I know this area quite well, and I have some ideas to develop a blockchain wallet. After all, it is a high-tech wallet. Before I learned about a development company called Xuanling technology on the Internet, and also consulted the people over there. I felt that it was quite professional. I hope I can help you~

5. Comparison trading platform, such as bitcoin

6. Blockchain wallet is the basic token management platform, and even the user's identity management tool. For example, when users want to play the encrypted cat game, they can open their wallet, enter DAPP and use it after selection. They can also download DAPP application through their wallet and use it locally
with the increase of token types and the improvement of the whole blockchain ecosystem, when wallet is no longer simply a tool for storing tokens, sending tokens and participating in crowd funding, it will graally shift from dealing with exchanges and crowd funding projects to using tokens for its own purposes< As the entry value of payment, wallet is the same as the existing mobile payment, and payment can be completed by scanning the code to confirm. With the development of lightning network, lightning network and other off chain payment technologies, or fragmentation, sub chain and other technologies, once digital token payment becomes one of the mainstream payment methods in the future, Cobo and other wallets will have a lot of imagination as the entrance

2. The value of wallets as an asset management platform

now there are opportunities for user wallets to rise. First, there are tens of millions of users, all of them are valuable users. Second, with the development of the whole ecology, derivatives also began to develop, and there was a demand. For example, when users have some tokens, some are long-term value investors. For example, some users will hold bitcoin, Ethereum or EOS for a long time. However, if they only store, they will not make the best use of their assets, which is a waste. At present, there are more and more public chains, more and more protocols and applications, and more and more tokens. Centralized exchanges, decentralized exchanges, and quantitative trading are developing. There are many opportunities for financial management and asset management
3. Wallet is the entry value of transaction

e to the precipitation of many users' digital assets, when users need to trade, the more troublesome point is that they need to transfer to the exchange. If it is congested, it will take a long time, which is easy to delay. On the exchange, if the trading depth is not enough, or the price is not appropriate, it is often difficult to close. If it is a larger order of trading demands, instant delivery or purchase will affect the price fluctuation. If the wallet is combined with some decentralized or centralized exchanges, such as users entering their own ideal price, the matching transaction can be realized as soon as possible. For users, fast transactions can be realized in the wallet, which is also a good demand scenario
4. The value of wallet as DAPP market entry

for wallet, DAPP market entry is absolutely the most imaginative prospect. With the maturity of public chain, especially the graal improvement of EOS, Ethereum and other blockchain infrastructure, some DAPP applications of game, financial, social and pan entertainment are graally developed<

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7. Currency blockchain Wallet: Based on the storage and transfer of virtual currency in blockchain, guaranteed payment DAPP: including legal currency transaction, currency transaction and other dapps, supporting mainstream digital currency transactions such as BTC, ETH, usdt, net and blockchain shopping.. Are you satisfied with my answer? If you are satisfied, take it

8. I use token pocket wallet
blockchain wallet is a container containing public key (address) and private key, which is used to keep our digital assets safely. The public key (address) is the authority to view the wallet, which is equivalent to the address of the bank card, while the private key is the authority to operate the wallet, which is equivalent to the password of the bank card. Similar to the private key, there are mnemonic words and wallet file + password. As long as you master one of the three, you will have the ownership of the wallet
the most important feature of blockchain wallet is that it can't be tampered with and anonymous, so we must keep the private key well, otherwise the security of assets can't be guaranteed I the private key in several small paper books and store them separately to prevent loss.)
public key is used to receive or transfer out digital currency, which can tell others. It is equivalent to email address
tokenpocket wallets have various wallets based on ten bottom layers, including EOS, Iost, Ethereum, Tron, binance, BOS, cosmos, Moke, Jingtong, and en. Next, bitcoin wallets will be opened
haha, Xiao has a look at so many unfamiliar words - the ability to support so many people at the bottom is e to the powerful technology.

9. It can store digital assets. Other functions can be explained

10. Currency is Qianbao of blockchain, which is also the safest one I know. Using the latest encryption technology, it is a blockchain instant messaging software based on blockchain technology.. If you are satisfied with my answer, please accept it