【Tutorial】FCH: Mastering the New World with Private Keys
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As the bull market is about to start, centralized exchanges are facing regulatory crises, and security management issues for crypto assets are exposed.
The FCH community has always attached great importance to the importance of personal private key control over information and assets. The first step to enter the FCH ecosystem is to learn how to generate private keys offline and sign transactions offline.
Currently, the main offline signing tool in the FCH ecosystem is "MiQian", which is used together with the online web page "Sign.cash" and the scanning tool "YiZhiSao". "MiQian" manages private keys offline and signs them, "Sign.cash" organizes the content of transactions to be signed online, and "YiZhiSao" is used for information transmission between online and offline devices.
Using "MiQian" and "Sign.cash", you can perform basic operations of cryptographic economics, such as "hashing", "encryption", "decryption", "signature", "verification", "transaction", and "on-chain engraving", and you can choose UTXOs for payment.
"MiQian" completely covers the functions of expensive hardware wallets and is lower in cost and stronger in functionality. You only need an old phone with Android 7.0 or above to safely control your assets and information with private keys.
To encourage everyone to master their own private keys and practice offline signature transactions, the FCH ecosystem has launched the "CoinDay Reward" program: Users can engrave text in a certain way, choose UTXO, sign the transaction with private keys, destroy a certain amount of CoinDay, and get FCH rewards in proportion.
In addition to FCH, MiQian also supports offline generation of addresses and signature transactions for BTC, BCH, and BSV (which operates the same as BCH). However, due to limited development resources, the user experience is not good enough, and more developers are needed to join in.
On the basis of offline signature transactions and engraving, FCH has established a cryptographic identity (CID) system, which can achieve more cryptographic economic functions beyond currency.
On the FCH CoinDay leaderboard (which ranks addresses with the most FCH and the longest time held), most addresses have registered a CID. These CIDs also appeared in the list of 3 ecological contributions.
Signature transactions are just a simple application of cryptographic economics. Private keys can enable individuals to securely control various information and assets, and are the beginning of a new world, new life, and new perspective.
Most FCH holders are not just coin hoarders or speculators, but builders of cryptographic economics.
A new era of cryptographic economics is about to come, and the FCH ecosystem already knows how to get started. However, there are too many tasks and opportunities, and we need more developers and builders to join us.
Welcome to join us!