What is a mnemonic, private key, public key, address, and keystore? What is the relationship?

In the crypto world, we often hear that private keys are important and mnemonics are also important, so what exactly are these things?

The mnemonic is actually 12 English words, and the private key is a string of numbers consisting of 0 or 1.

The wallet generates a private key, the private key generates a public key, the public key generates a public key hash, the hash generates an address, and the address is used to receive cryptocurrency.

Since it is too troublesome to use 01 to represent the private key, someone invented a way to turn this string of numbers into the private key you have seen now.

Your receiving address is calculated by the private key, your transaction authorization is signed by the private key, and if you want to restore your assets in the encrypted wallet, you must also use the private key to help.

So in asset recovery, the private key is one of the most important items.#资产找回