What is the password for imtoken wallet (how to recover imtoken wallet password if forgotten)
What is the password for imtoken wallet? According to the official introduction
What is the password for imtoken wallet? According to the official introduction of imtoken wallet, due to the limited application of the blockchain industry, users often use imtoken wallet for cryptocurrency deposits and withdrawals. But as the number of users with digital assets increases, imTOKEN wallet has gradually become one of the commonly used wallets for users.
What is the password for imtoken wallet and how does it help with secure encryption in decentralized exchanges? What services does it provide to users? What are the advantages of imtoken wallet password? Why is a password necessary? Let’s briefly discuss some questions about the password for imtoken wallet!
How to recover imtoken wallet password
Editor’s note: This article is from the FHBT18 community (ID: FHBT18), author: Peipei, authorized by Odaily Planet Daily for reprint.
Hello everyone, I’m Peipei, and this weekend hasn’t been going well for me. Recently, many friends have said that I lost my private key and forgot my password. I don’t know when exactly, but I think this should be a rough process.
The funniest thing recently is probably the issues with imtoken wallet:
1. What should I do if my private key hasn’t been hacked?2. Have you found your own private key in the bitcoin address you’re using in imtoken wallet?3. At that time, you may already have your own digital asset balance and transaction records. For example, I put all my transfer records in that account in November last year, and your coins are still stored there. So it’s quite difficult to find its private key. How to solve it after 2-3 months?4. Why do we need to retrieve the bitcoin address in the wallet after 4-5 years?
Because from the end of 2017 to the beginning of 2018, we saw various methods to achieve the security recovery of information. However, most users are not aware that they have the ability to restore their own keys. Of course, there are some suggestions:
The first is to try to avoid using the token exchange tool provided by the exchange, especially in mainstream public chain projects like Ethereum. As long as someone can get their tokens, they can withdraw them to their own platform. In addition, most cryptocurrency transactions are currently processed through centralized exchanges, and most of them rely on third-party custody services for margin trading. But due to the high risks, complex operations, and limited funds involved, the losses can be significant. For individuals, it is still possible to consider cashing out all the money they have on hand or directly selling it, so that investors can obtain higher returns, but this will only be at their own cost. Another way is to sell some tokens within the exchange, in this case, it generally needs to be handed over as collateral to the bank.
The second option is to store the private key in a cold storage and ensure that there are no cases of hacking. The third option is to use software from a security auditing company. Once a vulnerability is exploited, it will have a significant impact on the system, causing it to crash, and even imToken founder Sun Yuchen himself will not be able to login normally. The last option is to try again to design some technical means to help beginners learn more new knowledge. As for other questions about imtoken:1. Are there any unknown sources in the wallet?2. Does this wallet have any mining functions?3. What is its purpose?Besides the two aspects mentioned above, one more point is that the imtoken official team has been researching technical solutions related to this field, such as deploying a smart contract within the wallet.So, what are the key points worth paying attention to in this field?
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