Blockchain wallet: It doesn’t matter whether it’s a real-world wallet or a blockchain wallet. As long as it’s a wallet, it has the most essential feature of a wallet: it holds money. Blockchain wallets are no exception. Simply put, a blockchain wallet is a software program that stores cryptocurrencies. In form, it is very similar to an online bank account, with customer id, account number and password.
Wallet address: Similar to a bank card number, a person can have multiple bank cards, as well as multiple wallet addresses. Only one wallet address corresponds to one private key.
Wallet ID: A customer ID similar to a bank card.
Public and private keys: The holder of the private key is the holder of the currency in the bank card. The private key can calculate the public key, which can generate the wallet address through a series of digital signatures, and the data encrypted with the private key can be decrypted with the public key, and vice versa.
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