1 thought on “The main function of blockchain wallet”

  1. Usually one wallet contains the following functions: support the creation of wallet account number by generating aid words, keystore files, and private keys. Support the export of the wallet account number, private key, and keystore file. Support multiple wallet account management account balance query and transfer function (QR code scanning support). Support ERC20 tokens (balance display, transfer, token currency price display) to support the use of money (USD and RMB) real -time display currency prices. The display form of the historical transaction list shows that the display form of the creation of the blockchain wallet is divided into address and account number. We are collectively referred to as the account number; the accounts of different blockchain are different, and the degree may be different. The creation costs of different blockchain accounts are also different. For example, the accounts of Ethereum and Bitcoin are free, but the account of the EOS requires a certain cost to create. Since the creation of the blockchain account is a complex process, the existence of wallets is to help users simplify these processes. In the process of creating an account, the wallet will guide the user to perform a private key or notes, and then perform secondary verification to ensure that the private key or assistant of the user’s backup is accurate. On the blockchain that needs to create an account through payment, wallets generally help users use traditional payment tools to complete the payment process to reduce the difficulty of user use. Digital asset management Digital assets mainly refer to various tokens (token) on the blockchain. The existence of wallets is greatly facilitated to facilitate the user’s asset management for their own, mainly including transfer, receipt, viewing asset details, and viewing asset details. Details of transaction. Function is similar to the bank’s APP. You can see what assets, the number of assets, and transfer of your assets. It should be noted that the assets between different blockchain cannot be transferred directly, that is, you cannot transfer to BTC (Bitcoin) to the Ethereum account, nor can it be transferred to ETH (Ethereum) to the Bitcoin account. Digital asset transactions supported by digital asset transactions mainly include the following three cases: currency exchange, exchange transactions, and OTC transactions. The currency exchange can be exchanged for the assets on different blockchain through the currency exchange. For example, you can directly exchange the BTC (Bitcoin) you own to EOS. General transactions can only be traded in a basic pair, and then the final destination coins are based on basic transactions. For example, if I want to change from A to C, it needs to be implemented through intermediary B, A-> B, B-> C; while currency exchange is simplified to simplify this process, directly exchanged A to C to participate in the current public chain design of ecological construction. All inspire users in the ecology to actively participate in the public chain ecology. The main forms are nodes voting, referendum, staking, etc. Node voting takes EOS as an example. There are 21 super nodes in EOS. After the user mortgages the EOS in their hands, it can be voted at most 30 nodes. The purpose of the voting is to allow users Nodes to promote the stable development of the ecology. The referendum referendum refers to the blockchain ecosystem, and the participants can initiate a proposal that they consider them to be beneficial to the community and vote by the entire blockchain coin. When the number of votes exceeds certain standards, the proposal will take effect automatically. The method of referendum is conducive to community users actively participating in blockchain governance. In the pledge of Chinese celebrities, some public chains are currently adopted by Staking to encourage the currency to pledge token and generate a stable node. For example, COSMOS pledge can make the pledgers obtain a certain annualized income (settlement with pledges), similar to you voting a live financial management in the bank. Experience DAPP application DAPP is an abbreviation, translated as a decentralized application, which refers to the application development with the blockchain as the bottom layer. At present, DAPP is mainly concentrated on Ethereum, EOS, TRON, iOST and other blockchain. The relationship between DAPP and the underlying platform is like the relationship between APP and iOS and Android systems. For example, the DAPP of EOS cannot run on the bottom of ETH, just as the Android APP cannot run on the iOS system. You can experience the decentralized financial MakerDao on ETH in the wallet, and experience the start of the EOS reward in EOSRACING, or you can also use the coin hunting mining pool on the iOST to make mining financial management. At present, some large games exist in the form of third -party independent apps. When experiencing these APP forms of DAPP, you also need wallets as a medium to log in and transaction authorization. Asset value -added purse naturally has financial attributes. The current wallet has gathered a variety of financial instruments and functions including mining pools, wealth management, mining, and project investment, which can meet the needs of user asset value -added. Mining pool: The current mining is mainly POW mining and POS mining. POW (Proof ofwork) is an ingredient mining, and it is also the mining of POS (Proof of Stake) that we are familiar with BTC (Bitcoin), ETH (Ethereum) mining; Mortgage to tos to the verified node to get reward dividends. At present, the wallet’s mining pool is basically POS mining. There are also some wallets that support the purchase of cloud algament for BTC (Bitcoin) mining. Financial management: The wealth management products in the wallet are very similar to traditional wealth management products. The only difference is the settlement method. It is usually agreed that an estimated yield is agreed. After the user uses Token to purchase the wealth management product, it will be settled on a regular basis according to the agreed settlement date, and the expiration can be retrieved or renewed. Mining: mining is mainly DAPP mining. Some DAPP mining machine products are gathered in the wallet. Using mining machines can easily and quickly get the tokens you want to dig. Taking the recent fire EIDOS as an example, the EIDOS mining machine can help users achieve automatic transfer and mining. These digs can be sold to the exchange to sell to obtain income. Project investment: Taking the HOO Labs of the Tiger Wallet as an example, you can use USDT to support projects on it, and obtain the project of the project at a certain proportion of the number of USDT.

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