Classification of blockchain wallets

1. 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.

2. Hello
ordinary investors and users can use wallets to achieve what needs
What do you think of when you think of wallet
1. Hot wallet, cold wallet, observation wallet—— Realize the most basic function of a wallet: storage
2. DAPP entry of different public chains—— The entrances of the coin holders to the dapps of the public chains
3. Flash cash, direct trading in the exchange and cash out—— The transaction and Realization of digital assets
4. Pay attention to the market information to understand the currency price
Yes, some blockchain wallets have been implemented. It makes people feel like "a small purse, a big world". The actions that users want to complete in the blockchain world can be basically solved in their wallets
take the tokenpocket wallet that I often use as an example< How to understand hot wallet, cold wallet and observation wallet
Hot Wallet: Online wallet, online wallet. It is convenient to withdraw money. You can also check the wallet assets, balance and transaction records at any time
cold Wallet: it's an offline wallet. Since it's offline and not connected to the Internet, how can I realize it when I need to transfer money or withdraw money? Just watch your wallet
observe Wallet: a wallet that observes the assets of a cold wallet and assists in withdrawing the cold wallet's assets< Second, TP SDK integrates Tron
the latest version of TP SDK now supports Tron, that is to say, when the independent DAPP on the wave field public chain is connected to the tokenpocket SDK, it can realize the operation of Tron authorization login, data signature, token transfer, transaction signature, etc
in this way, the development of Tron independent DAPP is greatly accelerated
Third, asset collection function
we usually have such a phenomenon: everyone has multiple accounts, and these accounts have the same token. If you want to collect the same asset on these different accounts, you need the asset collection function
there is a problem: if the passwords of all your accounts are the same, you can authorize them once. If the passwords are different, you need to authorize each time
note: please do not close or exit the collection interface before the completion of the collection operation to prevent errors
Fourth, experience the colorful DAPP on each public chain
in the TP interface, select the Tron category to enter the Tron DAPP page. Play all kinds of DAPP, or enter other public chains, such as EOS, Jingtong, etc
there are more functions in the wallet, waiting for further exploration.

3. 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~

4. There are many types of digital wallets. Generally, a trading platform will have its own digital currency wallets, such as those on coin exchange and fire coin. If you want to use digital currency wallets, it depends on which one you want.

5.

Generally speaking, blockchain wallet is used to store digital currency. In fact, blockchain wallet does not store digital currency, but a tool to store key (private key and public key). With the key, you can have the right to control the digital currency in the corresponding address, and use the digital currency collection address generated in blockchain wallet, You can accept the digital currency transferred to you by others, and you can also transfer the digital currency you own to others.

classification of digital currency wallets:

can be roughly divided into two categories, hot wallet (online wallet) and cold wallet (offline wallet)

first, hot wallet

Hot wallet is also called online wallet, It includes light wallets and heavy wallets (all node wallets). The wallets that need to be connected to the Internet can be directly traded

1. Light Wallet:

does not store the complete blockchain, only stores the data related to itself. It is small in size and can run on mobile phones, computers, web pages, etc

advantages and disadvantages: it does not occupy memory, supports a variety of digital assets, has a good user experience, is fast for novices, but transaction verification is a little slow

2. HEAVY WALLET (full node wallet)

maintains all blockchain data, completely decentralizes and synchronizes all data. It has better privacy and can verify the validity of transaction data locally

advantages and disadvantages: it has better privacy and faster verification of information, but it needs to synchronize data before each use, takes up a lot of hard disk space, and does not support multiple digital currency transactions

Second, cold wallet

cold wallet is not connected to the Internet, also known as offline wallet; For example, professional hardware devices, or private keys (mnemonics) written on paper

1. Hardware wallet

Hardware wallet is to store digital currency with professional hardware, store the private key of digital assets in a chip, isolate it from the Internet, and plug and play

2. Paper wallet

the advantages and disadvantages of writing the private key on paper and then deleting

cold Wallet:

is relatively safe, but it is very troublesome to create a wallet and trade. It is difficult for novices to operate, and the price of wallets is relatively expensive, generally ranging from thousands to tens of thousands of yuan. If you don't have a large amount of digital assets, you don't need to consider

generally, it's recommended for novices to use light wallet. Light wallet is easy to operate and easy to use. Personal used geekwallet

simple and convenient light wallet supports bitcoin (BTC), lightcoin (LTC), Ethereum (ETH), EOS Storage and management of mainstream digital currency assets such as usdt

using bip44 mnemonics, local private key, off-line signature and other security mechanisms, as well as mobile phone and computer al backup strategy, completely solve the loss of digital currency assets caused by hacker attack, virus infection, mobile phone loss, forgetting mnemonics and other ways, and provide users with online Multi Chain digital assets one-stop management service. The platform also has tiaoshao market, which can carry out token trading of physical assets on the chain

6. Atoken supports EOS. There are many blockchain games in it. You can experience them if you are interested. The imtoken wallet can store the erc20 standard token of Ethernet system, and hicoin can easily manage all your assets on the blockchain.

7. This may be a platform limitation, which can be solved by consulting customer service

8. Blockchain wallets are mainly used to store various virtual currencies, but there are also many kinds of wallets. Cold wallets and hot wallets are the most used. Among them, cold wallets have high security and do not need to be connected at any time. Just remember the private key. If you need it, you can have a look at Shengshi Huacai.