Are bitcoin mnemonics common
Publish: 2021-05-17 15:19:02
1. There are 2048 words in bip39, if we choose 24 words as mnemonics. Then arrange and combine these 2048 words, and you can use the formula 2048/ 2048-24 Get it. But the order of magnitude is 10 to the 79th power. What is the concept of the 79th power of 10< br />
the number of atoms in the universe is between the 78th power of 10 and the 82nd power of 10. That is to say, 24 words are randomly selected from 2048 words in bip39 thesaurus for permutation and combination, and the magnitude of the answer is similar to the number of atoms in the universe
if we want to get a mnemonic word of bitcoin wallet from these 2048 words, the probability is about 677 billion divided by 1 * 10 to the 78th power, and the result is 6.77e to the - 70th power. This is a very small number. Therefore, the probability of getting a bitcoin wallet from 2048 words is very, very low, let alone from Nakamoto's wallet
of course, we don't rule out the element of luck, in case you hit the mnemonic word of Nakamoto's wallet. Then you can really get instant wealth and freedom, and more importantly, you can cheat people that you are Nakamoto. So, as long as you have perseverance and courage, you can have a try. After all, there is a very good saying: there should be dreams, in case of hell.
the number of atoms in the universe is between the 78th power of 10 and the 82nd power of 10. That is to say, 24 words are randomly selected from 2048 words in bip39 thesaurus for permutation and combination, and the magnitude of the answer is similar to the number of atoms in the universe
if we want to get a mnemonic word of bitcoin wallet from these 2048 words, the probability is about 677 billion divided by 1 * 10 to the 78th power, and the result is 6.77e to the - 70th power. This is a very small number. Therefore, the probability of getting a bitcoin wallet from 2048 words is very, very low, let alone from Nakamoto's wallet
of course, we don't rule out the element of luck, in case you hit the mnemonic word of Nakamoto's wallet. Then you can really get instant wealth and freedom, and more importantly, you can cheat people that you are Nakamoto. So, as long as you have perseverance and courage, you can have a try. After all, there is a very good saying: there should be dreams, in case of hell.
2. 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!
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!
3. Characteristics of bitcoin currency:
Decentralization: bitcoin is the first distributed virtual currency, and the whole network is composed of users without a central bank. Decentralization is the guarantee of bitcoin's security and freedom
Global Circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin
exclusive ownership: the private key is required to manipulate bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself
low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution
no hidden cost: as a means of payment from a to B, bitcoin has no cumbersome quota and proceres. If you know the other party's bitcoin address, you can pay
cross platform Mining: users can explore the computing power of different hardware on many platforms
advantages
complete decentralization, without issuing institutions, it is impossible to manipulate the number of issues. Its distribution and circulation are realized through open source P2P algorithm
anonymity, tax exemption and supervision free
robustness. Bitcoin is completely dependent on P2P network and has no distribution center, so it cannot be shut down externally. Bitcoin price may fluctuate and collapse, and many governments may declare it illegal, but bitcoin and its huge P2P network will not disappear
no borders, cross-border. Cross border remittance will go through layers of exchange control agencies, and the transaction records will be recorded by many parties. But if you trade with bitcoin, enter the digital address directly, click the mouse and wait for the P2P network to confirm the transaction, a lot of money will pass. It does not go through any regulatory agencies and will not leave any cross-border transaction records
it is difficult for the cat to survive. Because bitcoin algorithm is completely open source, anyone can download the source code, modify some parameters, recompile, and create a new P2P currency. But these counterfeit currencies are fragile and vulnerable to 51% attacks. Any indivial or organization, as long as it controls 51% of the computing power of a P2P currency network, can manipulate transactions and currency value at will, which will be a devastating blow to P2P currency. Many Shanzhai coins die in this link. The bitcoin network is robust enough. If you want to control 51% of the computing power of the bitcoin network, the number of CPUs / GPUs required will be astronomical
disadvantages
vulnerability of trading platform. The bitcoin network is robust, but the bitcoin trading platform is fragile. Trading platform is usually a website, which will be attacked by hackers or shut down by competent authorities
transaction confirmation takes a long time. When bitcoin wallet is first installed, it will consume a lot of time to download historical transaction data blocks. In order to confirm the accuracy of data, bitcoin transaction will take some time to interact with P2P network, and the transaction will be completed only after the whole network is confirmed
the price fluctuates greatly. Due to the intervention of a large number of speculators, the price of bitcoin for cash fluctuates like a roller coaster. Making bitcoin more suitable for speculation rather than anonymous trading
the public did not understand the principle, and the traditional financial practitioners resisted. Active netizens understand the principle of P2P network and know that bitcoin has no legal person to manipulate and control. But the public doesn't understand, and many people can't even tell the difference between bitcoin and q-coin“ "No issuer" is the advantage of bitcoin, but in the view of traditional financial practitioners, "no issuer" currency is worthless
warm tips:
1. The above explanations are for reference only, without any suggestions
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: January 25, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
Decentralization: bitcoin is the first distributed virtual currency, and the whole network is composed of users without a central bank. Decentralization is the guarantee of bitcoin's security and freedom
Global Circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin
exclusive ownership: the private key is required to manipulate bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself
low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution
no hidden cost: as a means of payment from a to B, bitcoin has no cumbersome quota and proceres. If you know the other party's bitcoin address, you can pay
cross platform Mining: users can explore the computing power of different hardware on many platforms
advantages
complete decentralization, without issuing institutions, it is impossible to manipulate the number of issues. Its distribution and circulation are realized through open source P2P algorithm
anonymity, tax exemption and supervision free
robustness. Bitcoin is completely dependent on P2P network and has no distribution center, so it cannot be shut down externally. Bitcoin price may fluctuate and collapse, and many governments may declare it illegal, but bitcoin and its huge P2P network will not disappear
no borders, cross-border. Cross border remittance will go through layers of exchange control agencies, and the transaction records will be recorded by many parties. But if you trade with bitcoin, enter the digital address directly, click the mouse and wait for the P2P network to confirm the transaction, a lot of money will pass. It does not go through any regulatory agencies and will not leave any cross-border transaction records
it is difficult for the cat to survive. Because bitcoin algorithm is completely open source, anyone can download the source code, modify some parameters, recompile, and create a new P2P currency. But these counterfeit currencies are fragile and vulnerable to 51% attacks. Any indivial or organization, as long as it controls 51% of the computing power of a P2P currency network, can manipulate transactions and currency value at will, which will be a devastating blow to P2P currency. Many Shanzhai coins die in this link. The bitcoin network is robust enough. If you want to control 51% of the computing power of the bitcoin network, the number of CPUs / GPUs required will be astronomical
disadvantages
vulnerability of trading platform. The bitcoin network is robust, but the bitcoin trading platform is fragile. Trading platform is usually a website, which will be attacked by hackers or shut down by competent authorities
transaction confirmation takes a long time. When bitcoin wallet is first installed, it will consume a lot of time to download historical transaction data blocks. In order to confirm the accuracy of data, bitcoin transaction will take some time to interact with P2P network, and the transaction will be completed only after the whole network is confirmed
the price fluctuates greatly. Due to the intervention of a large number of speculators, the price of bitcoin for cash fluctuates like a roller coaster. Making bitcoin more suitable for speculation rather than anonymous trading
the public did not understand the principle, and the traditional financial practitioners resisted. Active netizens understand the principle of P2P network and know that bitcoin has no legal person to manipulate and control. But the public doesn't understand, and many people can't even tell the difference between bitcoin and q-coin“ "No issuer" is the advantage of bitcoin, but in the view of traditional financial practitioners, "no issuer" currency is worthless
warm tips:
1. The above explanations are for reference only, without any suggestions
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: January 25, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
4.
You can check according to the following rules, and a mnemonic account can apply for different BTC addresses, [request new address]; According to the different address formats supported by different chain wallets, it is normal for bitcoin addresses to be different< br />
5. You can negotiate with each other and use it in turn!
6.
Recently, the price of bitcoin has soared. Is there anyone behind this phenomenon controlling the price of bitcoin? I think the possibility of artificially controlling the price of bitcoin is very low. The overall market value of bitcoin has reached hundreds of billions of dollars. It is very difficult to control the price of bitcoin. Now bitcoin is one of the most mature digital currencies in the market, and has basically realized market-oriented transactions
recently bitcoin prices rose too fast, there is a certain bubble risk, but bitcoin as an internationally known digital currency, many institutions for bitcoin value is long-term good, in the long run, bitcoin price still has certain room for growth. But in the process of purchasing, we must control the risk. There is no limit on the rise and fall of bitcoin, and the price will fluctuate greatly. We should use leverage carefully to operate bitcoin
7. Germany is the first country in the world to recognize bitcoin. It stipulates that citizens can use bitcoin to pay taxes or use it for other purposes. After that, France, Britain, the United States and other European and American countries have followed suit. However, in China, it is still not allowed. It can only be played on trading platforms such as fire coin and BTCC.
8. Imtoken doesn't have BTC wallet, it can only store erc20 token
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