Decentralized wallet password

1. Centralized wallet, also known as off Chain Wallet, completely depends on the company and server running the wallet. bitcoin stored in the exchange is stored in the centralized wallet (off Chain Wallet). The private key is not owned by the user, but in the wallet project side of the centralized server hosting chain, the fund is usually entrusted to the server
private keys and assets are transferred to the wallet for centralized management. Users don't need to worry about the loss of the private key of this kind of wallet procts, resulting in the loss of funds; However, the capital risk will be more concentrated in the wallet project side and server side. When the centralized wallet is conquered by hackers, users will suffer unnecessary losses
decentralized wallets, commonly known as onchain wallets, have private keys maintained by users and assets stored in blockchains
decentralized wallets are often referred to as onchain wallets. The private key is handed over to the user. If the private key is lost, the wallet will not be able to help the user recover, and the funds will be lost forever. But the decentralized wallet is difficult to be attacked by hackers, and users don't have to worry about the self stealing of the wallet service provider
centralized wallets are where assets are stored, while decentralized wallets are where private keys are stored
except for the exchange, it is not recommended to use the centralized wallet, although losing the private key may help you find it. But there is always a risk that the company will run

a decentralized wallet is equivalent to a channel, a channel to control its own assets on the blockchain by mastering mnemonics. For a decentralized wallet, the most important thing is to protect the security of the [private key]

the application fields of blockchain include digital currency, token, finance, anti-counterfeiting traceability, privacy protection, supply chain, entertainment, etc. with the popularity of blockchain and bitcoin, many related top domain names have been registered, which has a great impact on the domain name instry.

3. Common measures to deal with the loss of private key and password:
1. Delete the wallet by mistake
this is the same operation as I do. What should I do in case of this kind of thing? In fact, as long as you remember the private key, download a wallet again, import the private key and reset the password of the wallet
2. The mobile phone is missing or broken
if your mobile phone is stolen or broken, as long as the private key or mnemonic word is still there, you can download a wallet again, import the private key (or mnemonic word) and recreate the wallet
3. The private key is forgotten, but the mnemonic (or JSON file) is still there
if your private key is lost, but the mnemonic (or JSON file) is still there, don't worry, mnemonic can help you retrieve the private key,
4. The private key is forgotten
the wallet hasn't been deleted. If your private key is forgotten, but the wallet is still on your mobile phone, it's very easy to do, You just log in with your password, enter your wallet, and back up your private key
5. The private key, password and mnemonic words have been lost
sorry, no one can help you
6. Forgotten password or wrong input
this is the same as some other apps that we usually log in. If we forget password or input error several times, click forget password to retrieve it. Back to the decentralized wallet, we need to use the private key or mnemonic words to import the wallet to reset the password
7. Forget the mnemonic words
import the wallet with the private key and back it up again
8. Keystore forgotten
if your wallet is not deleted, this is the same way as if your private key is forgotten but your wallet is not deleted, that is, log in with your wallet password and make a new backup; But if your wallet is deleted, that is, it is unloaded, you need to import the wallet with mnemonic words or private key to backup the keystore again!

4. If the account is bound with secondary verification, it can be retrieved through the password recovery function. The coin purse will send a password reset email to the user's registered email. If it is not bound, you can contact customer service to verify the account information and verify the password

5. Ibitcome Coin Wallet is a decentralized wallet. It will not store and back up any of your passwords. If it is lost, it can not be retrieved by the wallet platform. The only way is to re import the backup private key file, including mnemonics and keystores, and then set a new password, and the assets in it will not be reset. In addition, remember to save the password, do not forget.

6. Generally, the password is filled in. Of course, the password can be your mobile phone number, which is determined by the user
bitcoin is a decentralized digital currency, which can be regarded as a third-party payment method or as a distributed bookkeeping. Bitcoin is at a low ebb and its price is relatively stable. Blockchain has become the focus of attention. People are constantly developing new applications and making new attempts on the basis of blockchain. For example, Ruitai asset mortgage certificate and Weimeng coin are micro business applications of basic blockchain technology.

7. Solution:
1. In the decentralized wallet, because all user authentication contents, such as transaction password, private key, mnemonic words, are stored in the user's mobile phone, not in the centralized server, so if the user forgets the password, there is no way to reset it through a third party Organization (such as imtoken team)
2. The only solution is to re import mnemonics or private keys to reset the new password
note: make sure that the mnemonic or private key of the backup is correct.

8. Decentralization means that all nodes in the system are equal, and there are no special nodes or privileged nodes. Synchronization node can be understood as BT, just find other nodes in the system to view the blockchain synchronously & gt& gt;