Can't I use a local wallet
No, the general big exchanges will do the mapping for you. EOS can be understood as enterprise operation system, which is a blockchain operating system designed for commercial distributed applications. EOS is a new blockchain architecture, which aims to extend the performance of distributed applications. Note that it is not a currency like bitcoin and Ethereum, but a token based on the EOS software project, known as blockchain 3.0
extended information:
previously, e to the super node election campaign of EOS, almost the whole currency circle participated in it: exchanges, mining pools, big V came in droves, and even the well-known overseas "Wenzhou Gang" also ran with billions of assets, which once pushed the price of EOS up. Non trumpet data show that in the middle and late March, EOS was in a low hovering period. On March 19, the price was only US $4.02, and the total market value of EOS was US $3 billion
in April, more teams and indivials continue to pour into the annual drama of the currency circle. On April 11, antpool ant mine announced to join. On April 20, baoerye arrived. On April 24, bitfinex and huocoin mine also announced to join the super node election. For a while, EOS has formed a strong momentum, boosting the price up all the way. By April 30, the price of EOS has increased to US $20.05, with a market value of US $16.5 billion
in May, the situation began to change, consistent with the downturn of digital currency market, and EOS also started a downward trend. By May 31, the price of EOS had fallen to a small bottom of only $11.94. In the following week, as the original date of main online line, June 8, approached, the price of EOS bucked the trend and rose to $14.29 on that day
unexpectedly, on June 8, e to the negative vote of one third of the participating nodes, the main network was not successfully launched, so it had to be postponed. On June 10, it was launched again, but failed again because the online voting rate was only 1.77%, which did not reach the 15% voting rate required by the main network
this situation quickly transmitted to the market price. Within a few days, the price of EOS went down again, from US $14 to US $13 and US $11. On June 14, the price of EOS "broke through ten" and fell to US $9.68. As of June 28, the price of EOS had dropped nearly 60%
virtual currency wallets and local wallets are wallets specially used to store virtual currency
difference: local wallets are installed on their own computers or mobile phones, while online wallets encrypt the private key and put it on the server
personal computers may be implanted with Trojans; The wallet server also has the risk of being attacked by hackers, and the encrypted private key is cracked. Server security is better than personal computers, but it is easier to attract hackers' attention
virtual currency Wallet:
there are three main types: Online wallet, client wallet (mobile client, computer client) and hard wallet
1. Online Wallet: it refers to the operation of virtual currency relative to wallet by users in the form of network; The main form is website, which users can visit through computer and mobile phone
2. Client Wallet: it is an installation software, which needs to be downloaded to the computer or mobile phone, and can only be used after installation; This is the type of mobile app wallet that I just mentioned
3. Hard Wallet: it is similar to the wallet in the form of U disk, which is a real type of wallet
local Wallet:
the English name of local wallet is local wallet. Local wallet is to store private key and transaction data in local terminal, such as computer, mobile phone or other local devices; It refers to the storage location of the key, and its concept is independent of online wallet and offline wallet
the English name of local wallet is local wallet. It is one of the terms related to bitcoin wallet in blockchain. Local wallet is to store private key and transaction data in local terminal, such as computer, mobile phone or other local devices; Local wallet refers to the storage location of key, which is independent of online wallet and offline wallet
the local wallet is installed on your own computer or mobile phone, while the online wallet is encrypted and put on the server. Personal computers may be implanted with Trojans. Hackers may steal your wallet files and record your wallet password; The wallet server may also be attacked by hackers, and the encrypted private key may be cracked. Server security protection is better than personal computers, but it is also easier to attract hackers' attention. In terms of security, I think these two types of wallets are similar
to enhance the security of local wallet and online wallet, it's better to set a more complex password, and don't forget it. Both local wallet and online wallet are easy to use and easy to use. Because online wallet is not limited by clients, it is easier to use than local wallet. Bitcoin core, Bitai wallet and bitpai wallet all belong to this category
local Wallet_ Network
a real bitcoin wallet can generate its own private key (address). Where the private key is kept by others is not a bitcoin wallet.
digital currency