In the blockchain world, a wallet is a tool software that helps everyone manage assets and data on the chain. However, it should be noted that the wallet only stores the key and address, and our digital assets are stored on the chain, not in the wallet.
NEOLine, as a decentralized wallet, cannot steal your assets.
The main function of the wallet is: randomly generate the private key and wallet address, and access the blockchain network to receive and send digital assets.
The entire generation of a digital wallet is mainly divided into the following three steps:
（1）Create a wallet to randomly generate a private key (64-bit hexadecimal characters / 256-bit / 32 bytes);
（2）Derive the public key from the private key (128-bit hexadecimal characters / 512-bit / 64 bytes);
（3）Derive the address from the public key (40-bit hexadecimal characters / 160-bits / 20 bytes).
The whole process is single and irreversible, so it can be seen that how to generate, save, backup and restore the private key safely and conveniently is the most critical. Mastering the private key is equivalent to mastering the ownership of the asset!
