Virtual currency wallets and transactions between them
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
1. Different in nature
putting virtual currency on the platform is controlled by the platform, and putting virtual currency on the wallet is controlled by yourself
2. Different security
if the platform fails, the money will be gone, and the virtual coin will be put in the wallet. No matter whether the platform fails or not, the virtual coin will not have any loss
3. Different transactions
virtual currency platform can be sold or traded in public, while virtual currency wallet can only be traded in private
extended data:
the risk of virtual currency:
1, model risk
virtual currency is not real currency, there is no central bank behind the total control and macro-control, its value depends entirely on its supply
2, liquidity risk
virtual currency is often e to the lack of market depth, after irrational prosperity thinking or sudden panic, the market price rises and falls sharply, it is difficult to buy or sell at a reasonable price, especially when a large number of funds or a large number of virtual currencies enter the market
3, platform risk
at present, many virtual currency platforms need to deposit funds into the platform to buy or sell. In order to attract investors, some platforms often offer free service charges, but some free platforms are risky
one is your wallet, the other is the third party platform.
bitcoin does not rely on specific currency institutions to issue. It is generated through a large number of calculations of specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction
bitcoin is very similar to cash
the advantages of bitcoin are: no freezing, no tracking, no taxes, and extremely low transaction costs. Compared with people who speculate in currency, it is wealth, and people outside the currency circle may think it is a fraud
bitcoin is a relatively mainstream digital currency, which can be properly invested. There are risks in the transaction. You can invest cautiously. You can search the fire coin, coin security, OK, dobby trading platforms on the Internet, which can trade bitcoin. These are relatively large trading platforms. Invest in mainstream digital currency, do not invest in counterfeit currency or air currency
bitcoin exchange can trade all kinds of digital currencies, and bitcoin wallet can only store bitcoin
the virtual currency we mentioned now generally refers to bitcoin, Ruitai coin and other digital cryptocurrencies. They are all digital currencies developed based on blockchain technology. Transaction records will be recorded on the blockchain, and no one can modify them. Anyone can query them.