Position: Home page » Blockchain » The difference between blockchain account and wallet

The difference between blockchain account and wallet

Publish: 2021-05-25 00:53:33
1.

In Ethereum, all kinds of transfer and other transaction operations need to be completed by accounts. In the transaction platform, such as currency exchange transaction platform, each transaction needs to have a transaction initiation account and a transaction receiving account. Each account corresponds to an address, and the account name is the label of the address. Use a wallet to manage accounts. A wallet can contain multiple accounts. Of course, you can also create multiple wallets

2. 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.

For users,

may be more convenient,

but it hasn't been realized yet

4. The decentralized blockchain currency wallet we use is actually just a blockchain software. Your currency is not stored in the wallet company, nor in your mobile device. It is still in the address of the blockchain network. The wallet just shows you all kinds of code of the blockchain through the server, establishes a channel to send all kinds of operation instructions to the blockchain. Blockchain application is very hot now. There is a SMIC blockchain service platform project initiated by Changsha high tech Zone, which is blockchain + public service mode, and is soliciting enterprises to join the chain.
5. 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.
6. Blockchain wallet is a tool to save the private key of blockchain digital currency. Every digital currency has a wallet. The types of blockchain wallet are as follows:
1. General wallet
can support different blockchain tokens. For example, anmao wallet supports BTC, BCH, LTC, ETH, etc, dash and erc-20 series
2. Main Chain Wallet
in order to achieve their own goals, each coin must establish its own main chain, so that it can carry out business. After the main chain goes online, it needs to use the project's own wallet. Just like the green apple wallet of GAC coin, it is a wallet dedicated to GAC trading and transaction clearing
3. Exchange wallet
there are also wallets in the exchange. If the player's currency is recharged into the exchange, the corresponding currency will enter the exchange wallet. The exchange wallet is almost the same as the ordinary wallet. You can fill in the corresponding wallet address when transferring and withdrawing cash, and the corresponding wallet address will be generated for different currencies of each exchange
4. Hardware wallet
generally speaking, the wallet is software wallet, which is a PC program or app. As the name suggests, a hardware controlled wallet can be connected to the network when it is used, and can be stored off the network at other times, so as to avoid exposing the wallet to the network space.
7. E-wallet is a part of the basic equipment of blockchain bank. For the sake of simplicity, we will use bitcoin to explain this technology, but it also applies to all other blockchain based cryptocurrencies
blockchain wallet is a software program for storing cryptocurrency. Account owners have a private key (secret number) to their wallet. This key is the only way to access the bitcoin address and therefore the only way to receive or send credit. There are several providers that can provide private keys, but they are all compatible
there are many kinds of wallets, which we will introce in detail later. At present, the top five types of wallets are desktop e-money wallets, mobile phone e-wallets, Internet e-wallets, hardware wallets and paper money wallets
in the wallet, users keep their bitcoin assets. In principle, bitcoin is "ordinary" money in an ordinary wallet. So, users don't put all their money in one wallet, and they don't think it's very safe. In this case, the user needs to use a backup and a secure password. In addition, users can think of the wallet as a passbook (paper wallet). There is no internet access, so it is not more vulnerable to hackers
bitcoin has a certain value, which comes from a value we assign to it. So it's similar to "normal" money. The value of bitcoin also depends largely on the exchange rate, but the difference is so great that sometimes the value of bitcoin fluctuates more violently than the normal currency. Let's look at this year's bitcoin chart, and we'll see a big rise in value. Some parts even go up and down like a roller coaster
the Xueshuo innovation blockchain Technology Workstation of Lianqiao ecation online is the only approved "blockchain Technology Specialty" pilot workstation of "smart learning workshop 2020 Xueshuo innovation workstation" launched by the school planning, construction and development center of the Ministry of ecation of China. Based on providing diversified growth paths for students, the professional station promotes the reform of the training mode of the combination of professional degree research, proction, learning and research, and constructs the applied and compound talent training system.
8. This may be a platform limitation, which can be solved by consulting customer service
Hot content
Inn digger Publish: 2021-05-29 20:04:36 Views: 341
Purchase of virtual currency in trust contract dispute Publish: 2021-05-29 20:04:33 Views: 942
Blockchain trust machine Publish: 2021-05-29 20:04:26 Views: 720
Brief introduction of ant mine Publish: 2021-05-29 20:04:25 Views: 848
Will digital currency open in November Publish: 2021-05-29 19:56:16 Views: 861
Global digital currency asset exchange Publish: 2021-05-29 19:54:29 Views: 603
Mining chip machine S11 Publish: 2021-05-29 19:54:26 Views: 945
Ethereum algorithm Sha3 Publish: 2021-05-29 19:52:40 Views: 643
Talking about blockchain is not reliable Publish: 2021-05-29 19:52:26 Views: 754
Mining machine node query Publish: 2021-05-29 19:36:37 Views: 750