Generate New Wallets (Recommended)

Safest/ Recommended option for users who do not wish to share their private keys. It is never a good idea to share such information with anyone, but in cases for signing transactions, its required.

The '/Generate_Wallet' function is an integral part of the DeGenius Cashier Bot, allowing users to create a new Ethereum wallet directly through the bot. This function is designed for ease of use, ensuring users can quickly generate a wallet for transactions and interactions within the DeGenius ecosystem.

• Functionality:

  • Wallet Creation: On initiation, the function generates a new Ethereum wallet, including a private key and a corresponding Ethereum address.

  • Security Measures: The private key is immediately encrypted to ensure security. This encryption process uses advanced cryptographic methods to safeguard user information.

  • Database Storage: The encrypted private key, encryption key and SALT are stored in secure and seperate databases, which are linked to the user's Telegram ID. This linkage ensures that the wallet can be easily accessed for future transactions through the bot.

  • User Communication: After successful wallet generation, the bot communicates the Ethereum address to the user. For security reasons, the private key is produced one time for the user to import into their prefered wallet manager.

• Use Case and Importance:

  • This feature caters to users new to Ethereum or those preferring to create a separate wallet for their activities within the DeGenius platform. It emphasizes user-friendliness and security, making it a cornerstone of the bot's functionality.

NOTE: SAVE YOUR PRIVATE KEY, IT WILL NOT BE ACCESSIBLE IF YOU DELETE THE MESSAGE.