Volatility, Pump, Pump and dump

The dark side of cryptocurrency: understanding the volatility of encryption, bombs and dumps

The cryptocurrency world has grown exponentially in recent years, with prices firing and falling into a frantic pace. But under the surface of this digital revolution, there is a complex network of market dynamics, including volatility, bombs and eviction schemes.

What is the volatility of cryptocurrency?

Cryptocurrency prices are known for their extreme fluctuations, making them notoriously volatile. This volatility can be attributed to several factors, such as:

* Supply and Demand : The number of currencies in circulation determines price movements.

* FEELING IN THE MARKET : Public opinion on cryptocurrency, influenced by social media, news and speculation, can generate price changes.

* Regulatory Environment

: Changes in government policies or regulations can affect prices.

* NETWORK EFFECTS : The more people using a specific cryptocurrency, the greater its value.

What are cryptographic bombs?

Cryptographic pumps refer to artificially inflated prices created through coordinated efforts to buy and sell a group of individuals. These groups usually target specific cryptocurrencies with major price changes, aiming to capitalize investors or innocent traders. Pumping can be done by various means, including:

* Social Media Marketing : On -Line influencers and communities promote cryptocurrency, increasing demand.

* Specialized negotiation platforms

: Platforms offer indicators and technical tools to facilitate purchase and selling strategies.

* Whale negotiation : Large investors buy and hold cryptocurrencies for prolonged periods, creating a purchase frenzy.

What is encryption dumping?

Encryption eviction refers to the deliberate disposal of large quantities of cryptocurrency of traders or investor portfolios. This can be done by various means, including:

* Betting on price falls : Traders bet against the potential price decline of an asset, hoping to profit from their subsequent fall.

* Buying and holding for long periods : Investors buy cryptocurrencies hoping to sell it at a lower price before the market corrects.

* Tax evasion : Some people try to hide gains or losses pouring their cryptocurrency properties.

Red flags for encryption investors

Before investing in cryptocurrency, it is essential to be aware of these red flags:

* unrealistic price movements : Prices that look too good (or bad) to be true can be a sign of bomb activity or eviction.

* Excessive supply conditions : When prices are highly inflated and show signs of exhaustion, such as low negotiating volumes or weak indicators.

* LACK OF REGULATION : Cryptocurrencies usually do not have effective governance, making them vulnerable to blows and manipulation.

Protecting your investment

To minimize the risks:

  • Perform complete research : Understand underlying technology, use cases and market dynamics before investing.

  • Diversify your portfolio : Spread investments in various cryptocurrencies to reduce exposure to any pricing of any assets.

  • Define realistic expectations : Do not miss hot prices or hype; Focus on fundamental analysis and long-term growth.

Conclusion

Cryptocurrency markets are inherently volatile, with bombs and dumps playing a significant role in their fluctuations. By understanding these concepts and being cautious, you can protect your investment and make informed decisions about participation in the cryptocurrency market.

Additional resources

  • Investor Education Foundation of the National Association of Securities (NASD): [www.instoreducation.org] (

  • Financial Industry Regulatory Authority (Finra): [www.finra.org] (

  • Coindesk: [www.coindesk.com] (http: //www.coindesk.

TOKEN POPCAT TRADING INDICATORS

Ethereum: Difference between “time” and “mediantime” in getblock?

Understanding Time and Median Time in Ethereum Blocks

When working with blockchain data, particularly when using Bitcoin-compatible chains like Ethereum, it’s essential to grasp two fundamental concepts: “time” and “mediantime”. In this article, we’ll break down the differences between these terms and explore their implications for your use case.

Time

Ethereum: Difference between

In the context of Bitcoin and other Bitcoin-compatible chains, time refers to the timestamp in seconds since the Unix epoch (January 1, 1970). This is a fixed value that represents the number of seconds elapsed from January 1, 1970, at 00:00:00 UTC. Time is a deterministic field, meaning its value can be precisely calculated and reproduced.

Median Time

Mediantime, on the other hand, is an alternative timekeeping system designed for use in blockchain applications. It’s based on the concept of “median” times, where each block’s timestamp serves as a reference point to calculate subsequent timestamps. The median time is defined as the average of two consecutive timestamps.

The primary difference between Time and Median Time lies in their mathematical structures:

  • Time: A fixed, deterministic value with no inherent randomness or uncertainty.

  • Median Time: An averaging process that introduces some level of uncertainty into the timestamp calculation.

Choosing Between Time and Median Time

When selecting a timekeeping system for your Ethereum project, consider the following factors to determine which one is better suited:

  • Stability and Predictability: If you require extremely precise timing (e.g., financial transactions), using Time might be a better choice. For more relaxed timing requirements or applications with less stringent precision constraints, Median Time could be a viable option.

  • Data Consistency

    : In some cases, maintaining consistency across multiple nodes or users can be challenging due to the inherent randomness in Median Time. Using Time, on the other hand, ensures that all nodes and users will agree on the same timestamp value.

Here is an example of how you could use getblock with both options:

const bitcoin = require('bitcoin');

// Get the block at index 5 (assuming your data starts from index 0)

const block = await bitcoin.getblock(5);

// Time-based option:

await block.time((err, timestamp) => {

if (err) throw err;

console.log(Time-based timestamp: ${timestamp});

});

// Median time-based option:

const medianTime = 2; // Replace with your desired median time value

async function getMedianTimeBlock() {

const blocks = await bitcoin.getblocks(medianTime);

for (let i = 0; i < blocks.length - 1; i++) {

console.log(Timestamp: ${blocks[i].timestamp});

}

}

getMedianTimeBlock();

Keep in mind that the choice between Time and Median Time ultimately depends on your project’s specific requirements, data consistency needs, and desired level of precision.

Solana: SolanaJSONRPCError: failed to get transaction: invalid signature

Resolution of the error “non -valid signature” with the Solana Web3

library **

The error “JSONRPCERROR: Founded transaction” error! This is a common problem when interacting with the Blockchain Solana nodes using the Web3 library. In this article, we will explore how to solve this error and solve common problems.

What was JSONRPCERROR: failed to get the transaction?

This error occurs when the JSONRPCinterface on a Solana node returns an unlikely request for your JavaScript program to the Solana network. The error generally indicates that:

  • Your JavaScript Customer Code does not have the authorizations or authorizations necessary to access certain data.

  • There are problems with the transaction interviewed (for example, it is not finalized, has a signature discrepancy, etc.).

How to resolve this error in the Solana Web3 library?

To resolve this error, follow these steps:

1. Make sure you have correct authorizations

Make sure your JavaScript program requests the authorizations necessary to access data on the Solana network. You can list the authorizations available in the “Solana.js” documentation.

Javascript

Const SolanransActionpertmissions = Await Solana_Connection.gettransactions PERMISSIONS ();

console.Log (SolanransActionPermissions);

'

2. Check that the transaction was finalized

Check if the transaction you are trying to question has been successfully finalized by checking its "confirmed" property in the response of your Blockchain Solana node.

Javascript

Const Receip = wait solana_connection.gettransaction (txhash, {engagement: 'finalized'});

if (! Receipt.confirmed) {

console.log ("The transaction is not yet confirmed.");

} other {

Console.log ("The transaction was finalized.");

}

'

3. Check signature problems

If the transaction signature corresponds to the expected signature of your customer code, be sure to use the correct "signature" property in your request.

Javascript

Const Receip = wait solana_connection.gettransaction (txhash, {engagement: 'finalized', maxsupportedtransAction Ver: 0});

If (Receipt.Signature! == 'Your_expect_Signature') {

Console.log ("Signature adopter. Please consult your code.");

} other {

console.log ("signature is valid.");

}

'

4. Inspect the transaction response

Take a closer look at the transaction response to identify any problem. Look for errors such as "non -valid signature" or "impossible to obtain the transaction".

Javascript

Const Receip = wait solana_connection.gettransaction (txhash, {engagement: 'finalized'});

If (Receipt.error) {

Console.log (Receipt.error.esage);

} else if (receipt.data) {

// Process the transaction data here.

}

'

5. Check network errors

Make sure your Solana node works on a stable and up-to-date version, as well as network problems have been solved.

Javascript

Const Solananode = wait solan_connection.getnode ();

If (! Solananode) {

Console.log ("Solana node not found.");

} other {

Console.log (solananode);

}

` ‘

By following these steps and by troubleshooting the error in your code, you should be able to resolve the “non -valid signature” error of the Solana Web3 library. If the problem persists, please provide more details on your specific use case and all relevant error messages for additional assistance!

Ethereum Provider Mainnet

Ethereum: What are the differences and similarities among Paymium, Bitpay, Coinbase, etc.?

EtherRee: A Commission of Payume Systems of Paymium, Bitbay, Coinbay, and Others *

We recount months, severe payment of the systems of their innovative approaches to cryptocurs. Two Notable Companion Thave Stocked Licenes in France Banks in France with Paymium and Bitpay. While both platforms share some simillities with transparent payments, the also with distressed differences. This art will provide an overview of the differences and signalities amuse the Payment System.

Paymum: A New Player in the Cryptourency Space *

Paymium Companion is beneficial to a bank with a bank with finance providing providing providing daily services to yourstomers. Indrawal March 2022, Payium received a cleaning the banque de France (the Central Bank of France) to operate with Payment Service Provider (PSP). This lines of payium to accept and process pyments, but not enable time to provide transparency services sucks by deposit accounts orlending.

BitPay: A Payment for Cryptocurs

Bitpay is an American company, you’re throssed with the bank of France. In May 2022, Bitpay was granted allowed to operate as a payment process (PP), which enable to processing storage singsing cryptocrrerencis suck Bitcoin and etreumum.

Coinbase: A WEL-SSTEP Cryptourency Exchange

Coinbase is one of the largest and most-stablished cryptocurecy exchanges in the world. In June 2022, Coinbase was granted allowed to operate with a Payment Service Provider (PSP) by the Bank of France. While coinbase dos not provide transparency of banking services, it is a cancation of eased transactions dash cryptocurs.

Comarity of Payment Systems

She is the submission comparation of paymium, bithpay, and coinbay:

* lines: all three companies with the bank of France to operate by Payment Service Providers (PSP) or Payment Processors (PP). However, payium’s cleanspection is specified to accept and processs payouts of providing transvision trade services.

Payment Processing : Worming is a more advanced payment stings of processing syptocations dash Cryptocutions. Coinbassse is slots of processing cryptocomency transactions, but it is limited functionality comparation to bitpay.

* Trasaction fees: The fees for each company’s payment. Payium Charges around 2-3% Transaction Fees, White Bitpay Charges 1-5% Depending on the Mount Transat. Coinbase two notes for these pay services services.

* Similarities Among Payment Systems

Despitals in lines in cleaning and payment process, callcoming a companion of Share cases:

Cryptorrency Support : All three companions support Cryptocurs subtle Bitcoin and Ethereum.

Mobile App

: Manage Companing Shoulder Mobile Apps and Relieve Payments Used Various Cryptocurrency Options.

* Security: The security of each company’s platform is paramount, with measures in place to protect user funds and preaching abilities.

* Conclusion

Etherumum has become to innovation in the payment space, with semeal players for market share. Payium, Bitpay, and Coinbaye with a receive light lines in France Banks in France to operate psps or pp. While each jas uniquessy stringths and weaknesses, the yme somemously simidities in theirs support, mobile app capacities, and security measures. As the payment of the landcase continuing to evolve, t will be interested in to see how there companation and innovate we are responsible for Chaing Market Conditions.

References

  • Should of France. (n.d.). Payment Services.

  • Payium. (n.d.). About us.

  • Birpay. (n.d.). About us.

  • Coinbase. (n.d.). About us.

  • Google News. (2022, June).

ETHEREUM BLOCK DIFFERENT BLOCK

Movement (MOVE), Liquidity, Consensus Mechanism

“Growth: Unlocking decentralized finances using cryptocurrency and blockchain technology”

In the constantly developing landscape of cryptocurrency and blockchain technology, the new player has become a key catalyst for decentralized finances (DEFI). The most noteworthy example is the token (movement) movement, which since its launch has a wave in industry. In this article, we will immerse ourselves in the world of movement, examining its basic mechanics, fluidity and consensus mechanism.

What is Crypto?

Before immersing ourselves, we quickly determine what cryptocurrency is. Cryptocurrency, also known as a digital or cryptographic currency, is a means of exchange that uses cryptography for safe financial transactions. It works regardless of central banks and government, providing a decentralized alternative to traditional trust currencies. Cryptocurrencies use advanced mathematical algorithms, blockchain technologies and peer networks to enable safe, transparent and infiltrated transactions.

What is the consistent mechanism?

The compatible mechanism is the spine of every blockchain network, ensuring that all networks nodes will agree on the state of a large book (blockchain) before the transaction can be treated. This consensus mechanism has undergone significant changes in recent years to adapt to the evolutionary needs of decentralized applications.

In traditional blocks, such as Bitcoin and Ethereum, minors behave to check transactions using complex algorithms. However, this process can be slow, with high energy intensity and prone to centralization. To solve these problems, new consensus mechanisms have appeared, such as proof of participation (POS), delegated evidence (DPO) and layer layer 2.

Fanning transfer mechanism

Move, a token broadcast on intelligent binance (BSC) and Polkadot (Kusama Network), uses a hybrid consensus mechanism. The network operates using a table proof protocol (POS), which rewards validating tokens to their computing power to secure the network.

Here’s how it works:

  • Staking : Users can accumulate their cryptocurrencies to participate in the process of checking correctness.

2.

3.

Liquidity

Liquidity refers to users’ abilities to easily exchange cryptocurrencies with others in a short time. In the context of the decision, liquidity is provided by applying margins and contracts with other assets, such as trusting currencies or other cryptocurrencies. This allows users to use price fluctuations on the market, increasing their potential investment crops.

Capitalization market

Move market capitalization has been constantly growing since its launch, which indicates the interest of investors in token. Since our last update, Move market capitalization has been around $ 100 million.

Application

The increase in power is a significant front stage for decentralized finance and blockchain technology. By ensuring an effective, safe and evolving consensus mechanism, Move has enabled the creation of complex DEFI applications that use the power of cryptocurrency. While cryptocurrency space is still developing, it is likely that other tokens will follow in the footsteps of movement, more democratizing access to financial markets.

To sum up, crypto is not only a means of exchange; It is a basic change towards decentralized and autonomous systems. Movement, thanks to the hybrid mechanism of consensus and growing market capitalization, offers a convincing argument for investors to get involved in the world of cryptocurrency and blockchain technology.

ETHEREUM BRANCHES MERKLE

Consensus Mechanism, Market Signals, Wallet

“Crypto -Chaselki and Koshelki crypto: hand -management by the management of the crypto”

The world of cryptocurrencies, as it proclaimed, assembled the tag in the “interstitial”, and the more and mortal becomes the current of the Bitcoin, the Eterum and the others. Howver, Stocenen’s On Cryptocomprence Waket will be a scarecrow, especially for who is a new man in the market. In this formulating, we conduct the study of the main components of the crypto -koshelelka, the increased congregation, follow -up, mechanisms, market and wllts.

What is the Koshelek?

Crypto -Choshelek -this is online or offline -chain, what is your hurricane, SED and redeemed cryptocurrency. By the time, this is a cytro linen yamage with a portfel of cryptocurrency, and for the same way he accessible with the help of the specified address or the QR -code.

Kanism Mechanism: Critical Compon

The consensus of the bases of the snakes on the base blockchain includes cryptocurrency. In the more simple terms, this is a pre -princess that all the hacks into the net with the state of the blockchain, presented by angry actors. Player, the sensor of the mechanisms, which can be used on the day, sow evidence of work (POW), evidence of the wheel (pos) and delegated evidence of the circle (POS) and deportation of the proclamation (Pos).

In the Sow Synstems, the Breaths resisted the problems for the transaction and the blockchain. Fixed to solve the new transaction block in blockchain, which I tested the web.

Renal Simple: As Market Reae on Crypto News

Crypto -rinki, as it is, unstable, and the shadows are rapidly colored on the base of the mood. The market signapes the indicator on the helmet that leads to the definition, the identity of them. The same is the most should be:

  • Novosti and the appraisal of the Cryptocurrency Company

  • Economic data (for example, growth rate)

  • Global Sobitia (for example, election, steel disasters)

  • Conversion in social networks in cryptocurrency

Podaylki: Heart Yortfolio

Posts – this interface interface for the management of your portfel of cizokurism. There are several tips of koshalkov:

1.In autonomic mosts *: physical guy, which are the temolorates in autonomous regimen, thin to the appara of the mate or a shutter.

  • * Online Koshelki: Cymphroe hopes steble, stelliing online, thin Metamask or Ledger Live.

3.

At the pitwork of the kitten, the factor of the dissatisfaction, the kind as a freezing (for example, a 2-factor authentification), accessing (for example, the subderzhka of mobils) and collections (nomer, transzocial and gardens).

COVES ON WRITTH YOUR CRIPT -KOSHEL

1

  • Solo-2-Factory Authentification : Add an add-on layer of immobility to coat non-sanitary or kospel access.

3.

4.

In the conclusion, the management of your crypto -portfolle effect is the renewal Ponimania, the consensus, markets and wllts. The follow -up of the planned consumer, you will be on the way to the creation of Ace and the efficiency of the crypto -wind that causes your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your Your

Ethereum: How can I read information from the blockchain?

Decoding Blockchain: step by step to read information Ethereum

Blockchain is a decentralized and distributed book technology that allows the storage of safe and transparent data and data transfer. As a person interested in understanding how to use this powerful technology, reading the information from Blockchain can be a fascinating research. However, direct access and analysis of blockchain data can be difficult without specialized tools or bookstores. In this article, we will deepen the world of Ethereum and examine the chances of reading information on the blockchain using Python.

Why read information on the blockchain?

Before immersing ourselves in technical aspects, let’s discuss quickly because you need an access program to Blockchain data:

  • Security : Direct access to Blockchain data can be a security risk if the sources and intentions for data does not occur correctly.

2

3

API Ethereum Blockchain: Library for access to the program to Ethereum data

Fortunately, libraries are available that make it easier to read information from Blockchain Ethereum. One of these bookstores is “Ethers.py”, which provides a simple interface to access Ethereum data.

ENHERS.PY installation

To install Ethers.py, you can use PIP:

`Bash

PIP installed ethics

information on reading the blockchain program

Here is a fragment of an example of the code that shows how to read the information from Blockchain Ethereum usingEthers.py:

Python

By Ethinsank import eters, suppliers

Configures the Ethereum supplier (eg Infura or Gnosis)

Supplier = Suppliers.httttProscer ('

Create a new application for the Ethereum client

Application = Ethinance (Supplier)

Get information on the blockchain account for the first block in the current transaction (because we are currently reading from the last Tx current block)

Block_number = 0

Blockhash = '0'

TX_Hash = 'Your_Tx_Hash_here'

Get the latest block number and shortcut

Newest_block = instance.get_latost_blocknumber ()

If the last_block is not:

Print ("No blocks available.")

Otherwise:

Newest_block_info = instance.get_block_by_hash (last_block ['hash'], block_number, 100)

For TX in the last_info_info ["Transactions"]:

Print (TX ["Da '])

In this example we read information from the last block of a specific transaction. It is possible to replace "owner_tx_hash_here with your current abbreviation of the Ethereum transaction.

Additional suggestions and considerations

* Security : Remember to support confidential data (such as private keys).

* Data limitations : the amount of data that can be downloaded depends on the consent mechanism of the blockchain network, the size of the blocking and the API response speed. Prepared for limited results or high delays.

* Blockchain updates : When updating the Ethereum customer, all changes to the Blockchain protocol should be taken into consideration.

Application

Reading Blockchain Ethereum information is now more accessible than ever with libraries such as “Ethers.py”. This phase guide -Passage should give you a solid base to discover and understand the internal functioning of the Ethereum network. Be interesting and practice: there is always a place to learn!

SOLANA MINTERS CONTRACT PROGRAM

Ethereum: Why is this transaction unconfirmed after a few hours?

Ethereum transaction unconfirmed after a few hours: understanding the time of the Ethereum block

Currently, a transaction has been initiated on the Ethereum blockchain, and the status of this transaction can be observed through different online platforms. Specifically, an Ethereum Transaction with Unique Details Is Available AT [ X/8ede5096427ABEA7D7829ABA85F491BB93D42A4F9AA9DBD25F6862958C3609C). This transaction was created a few hours ago, and the status of its execution is not currently unclear.

To understand why this transaction was unconfirmed after a few hours, it is essential to deepen in the time concept of the Ethereum block. In simple terms, Ethereum operates on a “lock time” system, which dictates how long each block lasts to process from the moment it is extracted until it is live online.

Ethereum’s block time is measured in seconds and can be broken down into several components:

* Block reward : The reward of the block is 15 ether (ETH) for each newly created block. This reward stimulates the miners to maintain the exploitation of new blocks, ensuring that the network remains safe.

* Time delay : The Ethereum network has a time delay of about 4 blocks between each new block creation. This means that once a new block is extracted, it can take anywhere from a few hours to a few days to process and become available online.

Given this context, we can understand why the transaction with unique details (8ede5096427aBea7829ABA85F491BB93D42A4F9AAA9DBD25F6862958C3609C) was unconfirmed after a few hours. According to the time concept of the block, 13.24 seconds is equivalent to about 4 blocks.

Why are these numbers important?

Delay of 13.24 seconds between each new block creation and online transaction availability serves several purposes:

* Confirmation of transaction

: Awaiting this block time, Ethereum ensures that transactions are not broadcast before being confirmed by the network.

* Network security : Delay helps prevent malicious activities, such as 51% double attacks or expenses, which can compromise the network security.

* Following transactions : This delay allows users to follow their transaction history and understand when sent.

Conclusion

The unconfirmed state of the Ethereum transaction with unique details is the result of its block concept. The delay of 13.24 seconds between each new creation of the block ensures that the transactions are not broadcast before being confirmed by the network, offering an additional layer of security and transparency for users. By understanding these concepts, we can better appreciate the complexities behind Ethereum’s decentralized blockchain technology.

additional resources

*.

  • [ alan /tx.h#l128-l144) (Ethereum, full proof for a simple format of transaction)

As the Ethereum ecosystem continues to evolve, it is essential to remain informed about its complexities and shades. By understanding these concepts and their implications, we can work on building a safer, more efficient and transparent blockchain community.

benefits benefits using crypto

Ethereum: When do you need to run bitcoin-qt -rescan?

Ethereum: When do you have to run Bitcoin -qt -cresan?

As the cryptocurrency landscape continues to evolve, it is not unusual for users to wonder why they have to use the “-Sroscan” flag with the Bitcoinqt wallet. In this article, we will dive in the history of bitcoin-qt, of the -cresan flag and when you may need it.

A brief history

Bitcoinqt is a fork version of the popular Bitcoin customer, designed for Linux. It has passed since 2014 and has undergone more updates to improve performance and security. The-Scan flag, introduced in the Bitcoinqt version 0.19.1 (launched in October 2018), serves as an alternative way to update the entire wallet database.

When should bitcoin -qt -tenscan work?

Although it is true that the-descana flag is no longer necessary for all versions of Bitcoinqt, there are certain situations in which the running can be beneficial:

  • Bitcoinqt 0.19.1 and anterior : In these versions, you could have problems with the wallet database that is not correctly updated after a system update or restart. Running -Scana can help solve these problems.

  • Manual updates : When you manually update the Bitcoinqt wallet, it is essential to make sure that all components are updated. The-căRunning ensures that the entire wallet is updated and compatible with the newer versions of bitcoin.

Newer versions (Bitcoinqt 0.19.1+)

With subsequent updates at Bitcoinqt, the-descana flag has become optional. This change allows users to update their wallets manually without relying on this specific flag.

In conclusion:

  • If you run the bitcoin-qt version 0.19.1 or earlier, run -Scan occasionally (for example, after a system update or restart) to solve problems with the wallet database.

  • For newer versions of bitcoinqt (0.19.1+), manual updates are recommended to ensure compatibility and security.

Conclusion

The-descana flag has served as an important troubleshooter for older versions of Bitcoin-qt. However, its necessity has diminished with the subsequent updates of the wallet software. Understanding when you have to run this flag and what happens in newer versions, you can optimize Bitcoinqt experience and minimize potential problems.

additional tips

  • Make sure you have a recent copy of Bitcoinqt installed on your system.

  • Regularly update your operating system and addictions to ensure that “bitcoin-qt” remains compatible with the latest versions.

  • Consider running manual updates for your wallet in case of unexpected problems or updates that are not automatically applied.

ethereum should double

Ethereum: How can I get a private key from a mnemonic phrase? in python or other [duplicate]

I can see you are looking to extract the private key from the Mnemonic phrase using Python and Litecoin wallets.

Why do we need a private key?

—————————

A private key is required to check transactions in a blockchain network. When you create a new account or send cryptocurrency, your private key (along with the relevant public address) is stored securely in the wallet.

How to extract the private key from a mnemonic phrase:

——————————————————————————————————————————————————————————— ——– ——-

You can use Python and the Cryptograph Library to achieve this. Here is an example of how to generate a private key from a mnemonic phrase:

Installation of the required libraries

`bash

PIP Install Cryptography

Sample code

`Python

By cryptography.fernet Import Fernet

Import on base 64

Import json

By cryptograph.hazmat.primites Importization Serialization

By cryptography.hazmat.primites.asymmetric Pading Pading

By Cryptography.hazmat.backens Import Default_backend

Import hashlib

def Load_private_Key_from_mnemonic (Mnemonic, password = no):

“” “” “

Load a private key from the mnemonic phrase.

Argus:

Mnemonic (Str): Mnemonic phrase.

Password (Str, optional): Password for the wallet. If provided,

This password alone is used to generate the private key. Otherwise,

No private key is generated.

Returns:

Bytes: A private key like a JSON string.

“” “” “

Create an object of Fernet cipher

f = fernet ()

Load MneMonic phrase from file or database (optional)

In an application in the real world, you must keep the mnemonic phrase safe.

with Open (“mnemonic_phrase.txt”, “rb”) as f:

mnemonic_bytes = F.read ()

Password = “”

Optional

If not a password:

Generate a new private key for the first time

Private_Key = Fernet.Generate_private_Key (

Coding = “UTF-8”,

Backed = default_backend (),

Use_Keygen = TRUE,

))

Print (F “Generated private key: {Private_Key.private_bytes (

encoding = serialization.encoding.pem,

Format = Serialization.privateFormat.Raditionalopenssl,

Encryption_algorithm = serialization.Noencryption ()

)} “)

Encrypt the mnemonic phrase using the generated private key

encrypted_mnemonic = fernet.encrypt (

mnemonic.encode (“UTF-8”),

Padding.oaep (

mgf = patding.mgf1 (algorithm = hashlib.sha256 ()),

algorithm = hashlib.sha256 (),

label = none,

))

))

Load the private key from a json file

With Open (“Private_Key.json”, “RB”) as f:

Private_Key_bytes = F.read ()

Convert the encrypted mnemonic phrase to bytes

Encrypted_mnemonic_bytes = Base64.b64Decode (encrypted_mnemonic)

Return Private_Key_Bytes, Encrypted_MneMonic_Bytes

Exemplary use

mnemonic_phrase = “your_mnemonic_phrase_here”

Password = “”

Optional

Private_Key_bytes, encrypted_mnemonic_bytes = Load_private_Key_from_mnemonic (mnemonic_phrase, password)

Print (“Private Key (JSON):”)

Print (Private_Key_Bytes)

Print (“\ nencrypted mnemonic phrase:”)

Print (encrypted_mnemonic_bytes.hex ())

`

How to use this code:

Ethereum: How can I get a private key from a mnemonic phrase? in python or other [duplicate]

  • Keep the Mnemonic phrase in a file or database.

  • Set a password if it is provided for decryption.

  • Pass the encrypted mnemonic phrase as an argument when calling Load_private_Key_from_mnemonic.

  • The private key is generated and returned as JSON String.

Note that this conversion suggests that you use the Fernet cipher algorithm with the SHA-256 hash. You may need to adjust these settings based on your specific requirements.