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Homeweb3.0Ethereum wallet download address principle

Ethereum wallet download address principle

Apr 07, 2024 pm 05:30 PM
EthereumEthereumEthereum wallet

An Ethereum wallet address is a unique identifier for storing and receiving Ethereum and ERC-20 tokens, generated by the following steps: Generate private key Generate public key using private key and ECC Hash the public key Generate address Add to the address value prefix and checksum, forming a 42-bit address.

Ethereum wallet download address principle

Ethereum wallet download address principle

The Ethereum wallet address is a unique identifier used to store and receive Ethereum and ERC-20 tokens. When downloading an Ethereum wallet, the address will be generated as part of the wallet.

Principle of address generation

The generation process of Ethereum address is as follows:

  1. Generate private key: Private key It is a 256-bit random number and is the basis for generating addresses.
  2. Public key generation: Generate a 512-bit public key using the private key and Elliptic Curve Algorithm (ECC).
  3. Address Hash: Hash the public key to generate a 160-bit number.
  4. Checksum: Truncate the first 40 digits of the hash value into a checksum.
  5. Add prefix: Add a fixed prefix (usually "0x") in front of the hash value to form a 42-bit address.

Download address

When downloading an Ethereum wallet, you will usually receive a torrent file containing a private key or mnemonic phrase. Using these private keys or mnemonic phrases, the wallet application will generate your wallet address using the process described above.

Address Security

Ethereum addresses are associated with private keys, which are the key to accessing wallet funds. Therefore, it is important to protect your private keys and avoid exposing them to others. Anyone with your private key can access your wallet funds.

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