What should I do if I forget my wallet password?

to clarify this question, we must first know what the wallet password means.

We have all heard a saying that one of the characteristics of blockchain technology is decentralization. What does decentralization mean? It is in the bitcoin network that no one can know who this account really belongs to except the person with the private key who can operate the account! The private key is the only way to prove that you are the owner of the account, and the person with the private key owns the account assets.

the logic of the key is as follows: wallet generates private key → private key generates public key → public key generates public key hash → public key hash generates address → address is used to accept bitcoin. (The public key cannot be derived from the private key)

1. Bitcoin wallet

In a bitcoin wallet, if you lose the wallet password, you can't get it back. Once you lose the password, it means that there is a wealth that everyone can see, but no one can operate it, and it becomes a dead asset. So for all users, remember to take good care of your private key, and try not to use the copy-and-paste button in the network world, or save it in places like your cloud notebook and network disk, which is very risky to be stolen. Hackers only need to have your private key, which is equivalent to having your assets, and they don't need to know your account number, mobile phone number and any other information. Remember: private key means assets!

2. Exchange wallet

However, many users in the currency circle, except digital currency, put their digital currency in the exchange wallet. The exchange is a centralized node. Generally, users need to enter Google verification code, SMS verification code and email verification code for authentication, but if they forget the login password of the exchange, they can refer to the retrieval process (see the corresponding exchange for details). Recover the login password of COINS and COINS.

according to a report by Chainanalysis at the end of 217, nearly 4 million bitcoins may be lost forever, most of which came from bitcoins mined in the early stage of technology. At that time, these bitcoins were almost worthless, and people were unwilling to take the time to save them.