Channel estimation and equalization are the keys to realize wideband micro-power wireless communication system. In this paper, the channel estimation algorithm is improved according to the frame structure characteristics of wideband micro-power. Compared with the original algorithm, new algorithm is more suitable for this system and its performance is improved by 0.2dB. By establishing the system simulation model in MATLAB environment, the corresponding channel estimation algorithm is used to simulate and compare. The performance of the improved algorithm is verified and the improved algorithm is implemented on the FPGA platform. In the process of hardware implementation, formula transformation is used to reduce the use of multipliers in complex multiplication and reduce resource consumption. The results of ISE Design Suite 14.7 synthesis and Modelsim simulation show that the algorithm has low algorithm complexity, small hardware resources, and the estimation accuracy meets the expectations and meets the application requirements.