"Address, password, private key, mnemonic phrase, Keystore" those things
When using a blockchain wallet, there are several terms that must be deeply understood, otherwise it may cause the loss of blockchain assets. These terms are address, password, private key, mnemonic phrase, and keystore.
If we use the analogy of a bank account, the corresponding situations of these five words are as follows:
Address = bank card number
Password = bank card password
Private key = bank card number + bank card password
Mnemonic phrase = bank card number + bank card password
Keystore+password=bank card number+bank card password
Keystore = encrypted private key
Keystore + password = private key
As can be seen from the above, as long as there is information in "private key, mnemonic phrase, Keystore + password", the currency is there.
If any information in the "private key, mnemonic phrase, Keystore + password" is leaked, the coins will be stolen by others.
Therefore, it is most important to back up your "private key, mnemonic phrase, Keystore + password".
When using a blockchain wallet, there are several terms that must be deeply understood, otherwise it may cause the loss of blockchain assets. These terms are address, password, private key, mnemonic phrase, and keystore.
If we use the analogy of a bank account, the corresponding situations of these five words are as follows:
Address = bank card number
Password = bank card password
Private key = bank card number + bank card password
Mnemonic phrase = bank card number + bank card password
Keystore+password=bank card number+bank card password
Keystore = encrypted private key
Keystore + password = private key
As can be seen from the above, as long as there is information in "private key, mnemonic phrase, Keystore + password", the currency is there.
If any information in the "private key, mnemonic phrase, Keystore + password" is leaked, the coins will be stolen by others.
Therefore, it is most important to back up your "private key, mnemonic phrase, Keystore + password".
