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Hoe to use Understanding

come in all shapes and sizes, but not all of them have the same features. Some wallets only allow users to send Ether () between addresses, while others have more functionalities and even let users create smart contracts, which are self-executing agreements written in code.

Setting up an Ethereum wallet often involves either downloading or writing down a private key or seed phrase. Private keys allow users to send or spend their crypto, and seed phrase gives them access to their wallet and all the private keys in the wallet. Private keys or seed phrases are crucial for securing funds, and a crypto wallet acts as a password manager for users' cryptocurrency holdings. As long as users know their master password (the seed phrase), they can access their crypto funds.

Storing private keys using third-party programs such as applications may seem like an easy alternative, but malicious actors may access these services if the users’ device is compromised because access to the keys means access to the funds.

There are two main types of Ethereum accounts: externally owned accounts (EOAs) and contract accounts. Externally owned accounts are made up of public and private cryptographic pairs of keys. Public and private keys prevent forgeries by proving that the sender genuinely signed a transaction. Because users use their private key to sign transactions, it gives them control over the funds in their account.

Users only have private keys (while never really holding cryptocurrency), so the funds always lie on Ethereum’s ledger. The Ethereum ledger is a record-keeping system that anonymously keeps track of individuals’ identities, balances and a record of all valid transactions between network participants.

In contract accounts, a smart contract is deployed to the network. Each smart contract has a unique Ethereum address controlled by the code.

Despite the above differences, both types of Ethereum accounts have four characteristics in common: a nonce, balance, codeHash and storageRoot, as listed below:

Nonce: For externally owned accounts, this number represents the number of transactions sent from the account’s address. For a contract account, the nonce is the number of contracts created by the account.

Balance: This address owns a certain number of Wei (an unit of denomination), with 1e+18 Wei (exponential notation) per . 1e+18 Wei means 1 is equivalent to 1x1018 Wei.

codeHash: This hash represents the code of an account on the Ethereum Virtual Machine (EVM). Ethereum’s own virtual computer, known as the EVM, is the part of the protocol that actually performs transaction processing. The codeHash field for EOAs is the hash of the empty text. For contract accounts, the code is hashed and stored as the codeHash.

storageRoot: This hash is a Merkle Patricia tree’s root node (a tree of hashes). This tree, which is empty by default, encodes the hash of the storage contents of the account.

How to create an identity?

To work and live in the real world, you need an identity; to manage digital assets in , you also need an identity.

is a multi-chain wallet. Generate digital identities through a set of mnemonics, helping you manage multi-chain assets such as Bitcoin and Ethereum more easily and conveniently.

how to create an identity

Download and install

Note: Click here to see how to download safely

Open , click "Create Identity"

Set identity name, password, password reminder and other information

Backup the mnemonic according to the security prompt

Perform secondary verification on the backup mnemonic to ensure correctness

Identity creation complete!

After creating an identity, you will enter the home page of ETH wallet assets, click on the menu bar in the upper left corner to view all wallets under your identity.

Precautions:

Wallet password = transaction password of all wallets under this identity

Obtaining the mnemonic is equivalent to owning the ownership of the wallet assets, please keep it safe

Take anti-lost, anti-theft, and anti-fraud measures to ensure asset safety

What is a hot and cold wallets

In the cryptocurrency sector, there are two main types of wallets: hot and cold. Hot wallets are those stored on devices connected to the internet such as a desktop PC or Mac and a mobile device.

Cold wallets, on the other hand, store the user’s private keys offline. Being offline eliminates several attack spots that hackers could take advantage of such as infecting other people’s devices with malware to access their keys. Malware is software designed to either damage or gain unauthorized access.

Hot wallets are often more user-friendly and allow users to access their funds anytime from anywhere. On the other hand, cold wallets are typically less intuitive and can make it a tad harder to move your funds.

Hot wallets vs cold wallets

Due to security concerns, users should keep most of their cryptocurrency offline in cold wallets, while moving only what they need to meet short-term obligations in hot wallets.

The process of storing most cryptocurrency offline in cold wallets could be similar to what is already common with fiat currencies. Bank accounts and safe deposit boxes are safer and people rely on them to store their savings (just like cold wallets). And just like with checking accounts, the crypto people carry for daily transactions should be kept in hot wallets.

What's ？

As a decentralized multi-chain wallet, has multi-chain and cross-chain DEX, Yield farming, NFT marketplace, and DApp discovery. You can easily access over 1,000 DApp protocols and explore the Web3 world with only one wallet.

Benefits of using :

Take full control of your assets

Withdraw crypto without approvals compared with a trading platform

Manage assets on 40+ networks including Ethereum, OKC, BSC, Arbitrum, zkSync, and Aptos in one-stop

Available on iOS/Android systems and browsers

A decentralized wallet allows you to have full control over your assets. You're responsible for keeping your wallet's seed phrase, private key, and password safe. To protect your assets, you need to:

Back up your seed phrase or private key. Losing it means you will lose your assets forever.

Set a strong wallet password to protect your assets and keep the password safe. doesn't store your password and can't help you retrieve it.

Beware of unfamiliar approval requests, scams, and phishing attacks.

Be careful when accessing unknown links and downloading new software.

has passed the security key audit by SlowMist. We don't store your seed phrase, private key, or password and won't upload your seed phrase or private key to any external server.

As a multi-chain wallet, allows you to manage assets on multiple networks and explore different networks without switching. The all-in-one can fulfill all your Web3 needs.