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Transaction Documentation

This document serves as a comprehensive guide for the [Your Wallet Name] cryptocurrency wallet, detailing its features, architecture, and transaction flow for both end-users and developers. It covers wallet types (hot and cold), key concepts, wallet setup, security features, transaction processes, supported networks, integration APIs, best practices, troubleshooting, and additional resources. The document emphasizes security measures and provides guidelines for managing transactions effectively.

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naourasfahd
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34 views6 pages

Transaction Documentation

This document serves as a comprehensive guide for the [Your Wallet Name] cryptocurrency wallet, detailing its features, architecture, and transaction flow for both end-users and developers. It covers wallet types (hot and cold), key concepts, wallet setup, security features, transaction processes, supported networks, integration APIs, best practices, troubleshooting, and additional resources. The document emphasizes security measures and provides guidelines for managing transactions effectively.

Uploaded by

naourasfahd
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Crypto Wallet and Transaction

Documentation
Version: 1.0
Project Name: [Your Wallet Name]
Last Updated: [Date]
Contact: [[email protected]]

1. Overview
This document provides a comprehensive guide to the features, architecture, and
transaction flow of the [Your Wallet Name] cryptocurrency wallet. It is intended for both
end-users and developers integrating with the system.

2. Wallet Types

2.1 Hot Wallets

• Connected to the internet.


• Used for frequent transactions.
• Supports desktop, web, and mobile apps.

2.2 Cold Wallets

• Offline storage (hardware wallets, paper wallets).


• Used for long-term storage and enhanced security.
3. Key Concepts

3.1 Public & Private Keys

• Public Key / Address: Used to receive funds (e.g., 0xAb123...).


• Private Key: Used to authorize transactions. Never share or expose this.

3.2 Seed Phrase (Mnemonic)

• A human-readable recovery phrase (usually 12–24 words).


• Used to generate all wallet keys.

3.3 UTXO vs. Account Model

• UTXO (Bitcoin): Each transaction consumes and creates unspent outputs.


• Account (Ethereum): Balances are associated directly with wallet addresses.

4. Wallet Setup

4.1 Create Wallet

• Generate new keypair from secure entropy source.


• Display and prompt user to back up seed phrase.
• Encrypt private key for local storage (if applicable).

4.2 Import Wallet

• From seed phrase or private key.


• Validate and generate corresponding public address.

5. Security Features
• AES-256 encrypted local storage
• Biometric unlock (mobile)
• Optional password-based encryption
• Manual seed phrase backup prompts
• Support for hardware wallets (Ledger, Trezor)

6. Transaction Flow

6.1 Sending Funds

1. User enters recipient address and amount.


2. Wallet fetches current balance and network fees.
3. User reviews and signs the transaction locally.
4. Signed transaction is broadcast to the network.
5. Transaction hash returned and status updated in UI.

Fields:

• to: destination address


• value: amount to send
• gas / fee: network fee
• nonce: transaction sequence number (if applicable)

6.2 Receiving Funds

• Wallet listens for incoming transactions tied to user's address.


• Notifies user when confirmed (after X block confirmations).
• Provides QR code and copyable address for sending.

7. Supported Networks
• Bitcoin (BTC)
• Ethereum (ETH)
• ERC-20 tokens
• [Add more: Solana, BNB Chain, Polygon, etc.]
For each, specify:

• Network name
• RPC URL / API endpoint
• Chain ID (if applicable)
• Token contract support

8. Transaction History & Management


• Pull history via blockchain explorer APIs or nodes
• Store locally for faster rendering
• Support for filtering: date, token, status

9. Integration APIs (if applicable)

9.1 Get Balance

http
CopyEdit
GET /wallets/{address}/balance

9.2 Send Transaction

http
CopyEdit
POST /wallets/send
{
"from": "0x...",
"to": "0x...",
"value": "0.01",
"gas": "21000"
}
9.3 Transaction Status

http
CopyEdit
GET /tx/{txHash}

10. Best Practices


• Always verify addresses before sending.
• Enable optional 2FA for web interfaces.
• Back up your seed phrase offline and never store it digitally.
• Use testnet before deploying to mainnet (for devs).

11. Troubleshooting
Issue Possible Cause Solution
Transaction stuck Low gas fee Resend with higher gas
Cannot restore Incorrect seed Verify word order and
wallet phrase spelling
App not syncing Network/API error Switch to alternate RPC node

12. Resources
• Documentation: [docs.yourwallet.io]
• Support: [[email protected]]
• GitHub: [github.com/yourwallet]
• Status: [status.yourwallet.io]
13. Glossary
• Gas Fee: Fee paid to miners/validators for processing transactions.
• Nonce: Number of transactions sent from an address.
• Block Confirmation: Number of blocks mined after your transaction.

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