Wallet

A wallet is a digital tool that lets users manage blockchain accounts, send transactions, and access assets.

Waves wallets are non-custodial—users control their private key. Tools like Keeper Wallet enable secure signing without exposing private data.

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Seed Phrase

A seed phrase is a 15-word list that is used to generate a wallet’s private key.

In Waves, it’s chosen from 2048 words, making duplicates nearly impossible (1 in 2048¹⁵). From the seed, the private key, public key, and address are derived securely and one-way only.

Private Key

A private key is a secret that proves wallet ownership and signs transactions.

It’s generated from the seed and must remain private. If exposed, the account is compromised.

Public Key

A public key is an entity derived from the private key that:

• Verifies signatures.

• Generates a wallet address.

• Identifies an account without granting access.

Address

An address is:

• A base58-encoded string representing a specific wallet.

• Derived from the public key and includes the network ID.

Waves addresses are 26 bytes long and typically start with 3P.