Digital currency wallet development technology sol
Digital wallet is a tool for storing, managing and using digital currency, which plays an important role in the field of blockchain. It is a software program or hardware device for storing cryptocurrency. In form, it is similar to the account of network bank, and also has customer identification, account number and password. The password of digital wallet is the "private key". Only through it can the wallet be opened and operated. Digital wallet has the functions of "collection" and "transfer". It is just like using a bank card to deposit and withdraw money. Only with the card number and password, can the deposit and safe withdrawal be carried out normally. Digital wallets don't store money, but information about your digital currency or digital assets.
1、 Basic functions of digital currency wallet development
1. It is the key to the blockchain assets that you are in charge of. We call it the private key.
2. It can query your assets. According to your private key, public key and address, you can query how many bitcoin and other digital currencies you have on the blockchain.
3. When transferring money from the wallet, the signature required in the transfer process and the function of broadcasting to the blockchain network will be used.
2、 Security of digital currency wallet development
We must protect the private key of the blockchain and never lose it or tell others easily, because it represents the ownership of the wallet and the right to operate it. Different from the password of bank card, you can freeze the ID card to reset it if you forget it. In the world of blockchain, once you lose your private key, the wallet will never belong to you. There is no central institution to trace back to, and no law can protect you.