【A private key is not a login password】
A wallet doesn’t store coins on your phone: asset records are on the blockchain, while the wallet manages the tools for access and signing.
When you make a transfer, the private key generates a digital signature. The network uses the corresponding public key to verify authorization, so you don’t need to hand over your private key. The address identifies the recipient.
The key difference: if you forget a platform password, you may be able to recover it. If you lose all the recovery information for a self-custody wallet, it usually cannot be recovered. If your private key is exposed, someone may be able to transfer your assets directly.
A recovery phrase can usually restore a set of keys, so it should be protected just like a private key. Keep an offline backup. Don’t take screenshots, send it to customer service, or enter it on unfamiliar websites.
#区块链知识 #WalletSecurity
A wallet doesn’t store coins on your phone: asset records are on the blockchain, while the wallet manages the tools for access and signing.
When you make a transfer, the private key generates a digital signature. The network uses the corresponding public key to verify authorization, so you don’t need to hand over your private key. The address identifies the recipient.
The key difference: if you forget a platform password, you may be able to recover it. If you lose all the recovery information for a self-custody wallet, it usually cannot be recovered. If your private key is exposed, someone may be able to transfer your assets directly.
A recovery phrase can usually restore a set of keys, so it should be protected just like a private key. Keep an offline backup. Don’t take screenshots, send it to customer service, or enter it on unfamiliar websites.
#区块链知识 #WalletSecurity