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Title: What does it mean that your bitcoin wallet is synchronizing? Post by: sv4ol84a6v79a46ilby on April 13, 2013, 07:59:10 AM It has been running for several hours and still is not completed. What does it mean? Here is a screenshot:
http://s11.postimg.org/65fq3m337/Clipboard10.jpg Title: Re: What does it mean that your bitcoin wallet is synchronizing? Post by: Unluckyduck on April 13, 2013, 08:05:57 AM Its connecting to the blockchain and downloading all the recent transactions.
Title: Re: What does it mean that your bitcoin wallet is synchronizing? Post by: shibaji on April 13, 2013, 08:08:31 AM It will take overnight. Unless you are doing solo mining, or planning to store private keys in your local computer wallet - downloading the blockchain is waste of space. Just get an address at blockchain.info - and remember to turn on most of the safety features, and take backup of wallet in encrypted form.
Title: Re: What does it mean that your bitcoin wallet is synchronizing? Post by: Gabi on April 13, 2013, 09:47:35 AM It means it is downloading the whole blockchain, 8 GB of transactions. The Bitcoin-qt node is a full node, it will download the whole blockchain.
If you prefer, get a lightweight client like Multibit, much much faster ;) Full nodes are required for the bitcoin network to work, but if you run your client only some minutes each day there is no need to have it ;) |
