What is a blockchain electronic wallet (basic knowledge of blockchain wallet)?

A blockchain electronic wallet is a type of digital currency based on blockchain technology, developed by the Beijing Chain Security Technology team. Its main function is to store private keys, ciphertext information, and other data. It requires identity authentication, authorization verification, and uses mobile hardware devices for storage and management. It also has the characteristic of decentralized transactions.The advantages of a blockchain electronic wallet are seamless transfer and payment between different types of assets, as well as support for smart contracts and multi-currency encrypted digital wallets.Blockchain wallet basic knowledge:With the maturity of blockchain technology, the field of cryptocurrency has gradually shifted from simple digital assets to decentralized applications. Among many applications, wallets have emerged, including digital asset management services, payments, and remittances.As an emerging industry, we need to understand how to store and withdraw funds through a secure and perfect wallet system, and how to disperse private keys to various devices using smart contracts to avoid the leakage of user data. What is a blockchain wallet? A blockchain wallet (BlockchainWallet) refers to storing your personal private keys in a secure platform controlled by yourself and cannot be tampered with. It allows anyone to view and manage their digital assets. Currently, mainstream blockchain wallet products include Bitcoin, Ethereum, and other well-known public chain wallets. However, compared with traditional financial wallets, these blockchain wallets are more convenient, easier to use, and more secure.Why use blockchain? Because the development of the Internet has entered the era of information. People can record their identity information in their mobile phones, such as invoices and ID numbers. However, many companies do various operations in the network to prevent loss or theft of customer information, which means they upload all transactions to third-party companies or other institutions. This is a significant influencing factor for ordinary consumers-after all, electronic cash is everyone’s property, and blockchain wallets are the digital assets of all users.Therefore, we believe that if we want everyone to become familiar with blockchain wallets quickly, we must first understand what the wallet looks like. So next, let us study in depth why blockchain technology is a very important infrastructure? Why is Bitcoin the most suitable way to store value? In simple terms, you don’t need to know if you have a specific dataset, as long as you trust this database, you can access it. Of course, if you don’t have such knowledge background, you cannot directly grasp the concept of a blockchain wallet. So for many people, blockchain wallets may only be a niche area!Today, I will introduce the basic knowledge of blockchain wallets:(1) Wallet introduction: In fact, most people are not concerned about the issue of private key custody, but are thinking about “what is a password” rather than the actual private key because in most cases the private key is stored on the server. In other words, when the things you take out are discovered by others, you will have corresponding evidence to prove it. This is what is called mnemonic.(2) Overview of hardware wallets: Hardware wallets, also known as hard wallets, refer to software development toolsets (SDKs) that primarily target the scenarios users care about. For example, when we use a computer, the oft-used plugin is the CPU or GPU. Then, when you install new software, due to the problem of low CPU performance, it is easy to freeze and have insufficient available memory, resulting in unnecessary user groups. Additionally,