How to save the private key of digital currency
The digital currency wallet is the hardware wallet, which means that the private key of digital assets is stored in a single chip, isolated from the Internet, plug and play. Hardware wallet can't guarantee 100% security. For example, if a geek gets your hardware wallet and doesn't know your private key, it may be cracked by violence. It's just one of the safest storage methods compared to other storage methods
many block chain entrepreneurs at home and abroad are optimistic about the development of this field, so they begin to build more hardware wallets. In the case of the exchange being stolen a lot of money and the software wallet being stolen from time to time, many investors regard the hardware wallet as the last moat
extended information:
whether the hardware wallet is safe
the hardware wallet can not guarantee 100% security. For example, if a geek obtains your hardware wallet, it may be cracked violently even if it doesn't know your hardware wallet immediately. It's just one of the safest storage methods compared to other storage methods
of course, there are exceptions, such as you have unlimited brain power and never forget. It's better to save it anywhere than in your own mind
wallet. In fact, mnemonics are another form of expression of the private key, which has the same function as the private key, mainly to protect your blockchain money
keep the private key with symmetric encryption. Symmetric key algorithm means that both encryption and decryption use one key. The encryption methods we usually use are symmetric encryption, such as WinRAR encryption, bitcoin QT encryption of the private key file is also using the symmetric encryption algorithm. The commonly used symmetric encryption algorithms are AES, DES, RC4, RC5 and so on. Symmetric encryption requires users to set relatively complex keys to prevent brute force cracking. Go to top method 1 uses bitcoin QT to encrypt the private key wallet. In the command mode, we can use the encryptwallet command to encrypt the wallet. For the usage of command mode, please refer to the basic teaching of bitcoin: how to use the private key of paper wallet. This is the most simple and effective method of private key encryption. However, when the walletpassphrase command is used to decrypt the wallet, the key will be read into the computer memory, so it is possible for the attacker to obtain the key. Encryption command: encrypt wallet yourpassword decrypt wallet command: walletpassword yourpasswordtimeout change password command: walletpassword exchange oldpasswordnewpasswordgo to top method 2, use AES encryption provided by blockchain. Blockchain provides users with private key file encryption service based on AES algorithm. Users can download the encrypted file and save it properly
go to top method 3 uses TrueCrypt, a third-party software, to encrypt the key file, which is also recommended by the editor. TrueCrypt is open source and free, with high software maturity, and supports two factor authentication and whole hard disk encryption. In addition, FBI personnel have suffered losses on TrueCrypt, so they have a good reputation. The FBI has admitted defeat in attempts to break the open source encryption used to secure hard drives seized by Brazilian police ring a 2008 investigation.
the bureau had been called in by the Brazilian authorities after the country's own National Institute of Criminology (Inc) had been unable to crack the passphrases used to secure the drives by suspect banker, Daniel Dantas.Brazilian reports state that two programs were used to encrypt the drives, one of which was the popular and widely-used free open source program TrueCrypt. Experts in both countries apparently spent months trying to discover the passphrases using a dictionary attack, A technique that involves trying out large numbers of possible character combinations until the correct sequence is found. Users who use it must keep the key in mind. If you forget the key, no one can recover your encrypted files
TrueCrypt, the official website of TrueCrypt, uses the asymmetric encryption method to keep the private key of the document. The asymmetric encryption method uses the form of public key and private key to encrypt the file. Users can encrypt files with public key and decrypt files with private key. Common asymmetric encryption algorithms include RSA, ElGamal, ECC and so on. The advantage of asymmetric encryption is that the complexity of the key is generally very high, which can effectively prevent violent cracking. The disadvantage is that there is a certain threshold, which is not suitable for ordinary users. Go to top method 1. Indivial users can consider using RSA for encryption. First, you can create a public key and a private key. Click here to generate the key. After keeping the public key and private key properly, you can encrypt and decrypt with the public key. Click here to encrypt and decrypt. RSA public key and private key generation process RSA public key and private key generation process randomly choose two large prime numbers P and Q, P is not equal to Q, calculate n = PQ. According to Euler function, R is obtained= φ( N) = φ( p) φ( q) = (p-1) (Q-1) select an integer E which is less than R and obtain the mole inverse element of e with respect to mole R, named D If and only if e and R are coprime, the records of P and Q are destroyed N. E) is the public key and (n, d) is the private key. Second, we can use PGP (pretty good privacy) tool to encrypt files. PGP encryption allows each public key to bind to all information of a user. Compared with RSA, the function of PGP is more perfect and reliable. However, with the upgrade of Pgp, new encrypted messages may not be decrypted by the old PGP system, so users should be familiar with PGP settings before using PGP. There are many PGP encryption tools on the Internet, so the editor will not list them
Introction to Pgp in Wiki PGP online encryption and decryption system PGP command FAQ advanced method to keep the private key. The above ways to keep the private key are very common. An experienced attacker may still get the user's private key file. For more advanced private key storage methods, please refer to the advanced teaching content of bitcoin in the future.
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1. Keep it on a computer that is not connected to the Internet
2. Keep it on a mobile phone
3. Write it on a notebook
if it is connected to the Internet, it's better to set different passwords on different platforms and open secondary authentication to ensure the security of your assets. In addition, you can also save the private key character exchange sequence electronically, and keep the exchange rules in mind (for example, the first five characters move to the last position).