What is a Bitcoin Wallet?

A Bitcoin wallet, also known as a Bitcoin wallet, is a tool used to store user funds and passwords. In the decentralized world of Bitcoin, cryptocurrencies are used as assets or identity credentials. Since cryptocurrencies are traded and transferred through blockchain, a secure and verified hardware wallet is needed. However, in the field of digital currency, wallets differ from third-party wallets in that they don’t directly give their private keys to anyone. Instead, they only need to run node software to generate signatures, such as hash values, to ensure the security of user funds. These wallets also adopt different consensus mechanisms, giving the wallet complete control.

Technically, a Bitcoin wallet has the feature of multi-signature, which enables functions such as mutual trust between multiple parties, cross-chain interaction, and anonymous transactions. In addition, wallets have various account types, such as BTC address lists, Bitcoin address inventories, Bitcoin balance inquiries, and more.

Bitcoin Cash

Bitcoin Cash is the first public chain project in the blockchain industry to realize peer-to-peer payments. Its team primarily consists of members from the Chinese University of Hong Kong, the Computer Science and Technology Department of China University of Political Science and Law, and Professor Li Jun, a former product manager at Tencent. Professor Li has also held positions such as Director of the Financial Technology Research Center at CITIC Securities Research Institute and has received support and sponsorship from well-known domestic and foreign investment institutions and media.

It is reported that Bitcoin Cash is a decentralized digital currency system jointly established by Stanford University, Imperial College London, and Nanyang Technological University in Singapore.