What is the private key of digital currency
the private key is like your bank card password
the address of bitcoin wallet is like your bank card
as long as you have the bank card and password, anyone can withdraw money from ATM
the address of bitcoin wallet is public, which means that everyone else has your bank card, so your bank card password (private key) becomes very important at this time
once your key is disclosed, others can transfer your bitcoin
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digital currency is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of a specific virtual community. More generally speaking, digital currency is actually a commodity
just like gold, it took more than 200 years to be graally recognized by the world. In the early days, many people questioned gold's ability to store value. If we take digital currency as a substitute, people's questioning attitude towards gold in the past is equivalent to many people's attitude towards digital currency now
extended data
digital currency is a balance between financial security and innovation ability. Financial instry should have clear access threshold. Digital currency involves finance, so it must have clear access threshold. The enterprise qualification of blockchain and digital currency needs to be reviewed and an access system set. One of the core of supervision is that blockchain enterprises must have qualified technical personnel
for example, enterprises of different levels in the construction instry need different levels and numbers of registered structural engineers to ensure the safety of buildings and bridges, which can also be used for reference in the supervision of digital currency. In addition, investors need to refer to the requirements of the "measures for the appropriateness of securities and futures investors" issued by the CSRC, and only those who meet certain conditions can participate in the investment
Many small white just admission, was the private key, public key, address, and other relations confused. Some of them even lost their private key. They had money on the address, but they just couldn't get it out. Today, Xiao will try to figure out the relationship between the private key, the public key and the address
The relationship among < H2 > private key, public key and address is as follows:the private key is converted into (generated) public key, and then converted into address. If there is bitcoin or integrity coin on an address, the private key converted into the address can be used to spend the above integrity coin. The generation of public key and address depends on private key, so private key is the most important
mobile wallet is the same, but the file management method of mobile phone is not as convenient as computer. Therefore, the general mobile wallet will provide a function called or similar to "export private key". Through this function, the private key can be exported in various forms
for example, bitcoin mobile wallet can be exported as a two-dimensional code, which can be printed or scanned on paper. When replacing a mobile phone, install a bitcoin wallet and scan the QR code to migrate bitcoin. Bitcoin mobile wallet and trustcoin mobile wallet can be exported as a clear text string and printed on paper - this is paper wallet
paper wallet allows users to spend your bitcoin or trustcoin at any terminal with bitcoin or trustcoin wallet
because the wallet is lost or damaged, the private key will be lost, and the transfer right of the digital currency will be lost completely. To prevent such tragedies, you should always back up the data in your wallet. In addition to the address, all the private keys are saved ring the backup
< H2 > summary-
the private key should be protected to prevent loss and forgetting. When the mobile phone clears the information, it is best to it by hand, but do not disclose it
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you should prevent your wallet from being lost or damaged, resulting in the loss of your private key and the loss of the transfer right of digital currency. Otherwise, you will not be able to withdraw more money, which is not useless
Many small white just admission, was the private key, public key, address, and other relations confused. Some of them even lost their private key. They had money on the address, but they just couldn't get it out. Today, Xiao will try to figure out the relationship between the private key, the public key and the address
The relationship amongprivate key, public key and address is as follows:
the private key is converted into (generated) public key, and then converted into address. If there is bitcoin or integrity coin on an address, you can use the private key converted into this address to spend the above integrity coin. The generation of public key and address depends on private key, so private key is the most important
The same is true for mobile phone wallet, but the file management method of mobile phone is not as convenient as that of computer. Therefore, the general mobile wallet will provide a function called or similar to "export private key". Through this function, the private key can be exported in various formsfor example, bitcoin mobile wallet can be exported as a two-dimensional code, which can be printed or scanned on paper. When replacing a mobile phone, install a bitcoin wallet and scan the QR code to migrate bitcoin. Bitcoin mobile wallet and trustcoin mobile wallet can be exported as a clear text string and printed on paper - this is paper wallet
paper wallet allows users to spend your bitcoin or trustcoin at any terminal with bitcoin or trustcoin wallet
the loss or damage of the wallet will lead to the loss of the private key, thus completely losing the transfer right of the digital currency. To prevent such tragedies, you should always back up the data in your wallet. In addition to the address, all the private keys are saved ring the backup
summary
1, the private key should be well protected to prevent loss and forgetting. When the mobile phone clears the information, it is best to it by hand, but do not disclose it
2, you should prevent your wallet from being lost or damaged, resulting in the loss of your private key and the right to transfer in digital currency. Otherwise, you can't take out more than one currency, which is not useless
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