A private key is a string of letters and numbers that allows you to access your crypto currency. My Ether Wallet (MEW) is a free, open-source, client-side interface for generating Ethereum wallets & more. Interact with the eth wallet(eth 財布) block chain easily & securely. Get a wallet today!
What is a Private Key?
A private key is like a password; it should be kept secret at all times because revealing it to others grants them access to your cryptocurrency. Private keys are generated offline on your computer using a random number generator to ensure that they are truly random and not predictable. This means that anyone who knows your private key can access and spend your cryptocurrency. For this reason, it is important to keep your private key safe and secure, and only share it with people whom you trust.
How Does MEW Work?
MEW is a client-side interface that allows you to generate an Ethereum wallet and interact with the Ethereum block chain. This means that all of your data is stored locally on your own computer and not on MEW’s servers. This makes MEW more secure than online wallets, which are susceptible to hacking because they store your data centrally on their servers.
In order to use MEW, you will need a few things:
• An internet connection
• A web browser like Google Chrome or Mozilla Firefox
• Some ETH in order to pay for gas fees (more on this later!)
Once you have these things, you’re ready to create an account on MEW!
1. Go to https://www.myetherwallet.com/ and enter a strong password in the “Create New Wallet” field. Be sure to write this password down somewhere safe!
2. Click “Create New Wallet” and then click “Download Keystore File (UTC / JSON)”. This will download an encrypted version of your private key to your computer; be sure to back this file up in multiple locations!
3. Next, click “I understand. Continue.” You will now see your public address and private key; be sure not to share your private key with anyone! Now would also be a good time to print out or otherwise backup this information.
In conclusion, a MyEtherWallet private key is a string of letters and numbers that allows you to access your cryptocurrency. MEW is a free, open-source, client-side interface for generating Ethereum wallets & more that is stored locally on your own computer making it more secure than online wallets. In order to use MEW, you will need an internet connection, a web browser, and some ETH in order to pay for gas fees. Creating an account on MEW is easy–just go to https://www.myetherwallet.com/, enter in a strong password, click “Create New Wallet”, download the Keystore File, click “I understand. Continue.”, and voila! You now have access to your very own Ethereum wallet complete with public address and private key! Be sure to keep your private key safe and secure at all times as it grants others access to your crypto currency if revealed. Thanks for reading!
