Title: Difference Between web wallets Post by: MARK 777 on October 15, 2017, 11:46:04 AM 1)if bitcoin system Same in all over world why some wallet can control fees and others can’t like Blockchain.info ??
2) How wallet work with short word ?? Title: Re: Difference Between web wallets Post by: TryNinja on October 15, 2017, 10:17:44 PM 1)if bitcoin system Same in all over world why some wallet can control fees and others can’t like Blockchain.info ?? Because their dev don't want to or haven't implemented this feature already. Wallets are just a "client" to create transactions and broadcast them to the Bitcoin network. Every coin you have is stored in the Blockchain, and not in the wallet itself. This means that every wallet should be able to do what others do if the dev wants.2) How wallet work with short word ?? "Your bitcoins – or rather, the pieces of code that represent them – are not actually stored in your wallet. They are stored on the blockchain, which in turn is stored on node computers all around the world. [...]""But it’s important to understand that the wallet doesn’t actually contain your bitcoin. It contains permission to spend your bitcoin. And if you lose access to that permission to spend, then you effectively also lose your bitcoins, because you no longer have access to them. That is why it is so important to keep the keys secure. [...]" Source: http://www.fintechblue.com/2016/02/how-does-a-bitcoin-wallet-work/ Other quick video with an easy explanation: https://www.youtube.com/watch?v=A1Pl5hYHXiI Title: Re: Difference Between web wallets Post by: CyberKuro on October 16, 2017, 02:53:34 PM I consider your questions has been answered, regarding how wallet work.
1)if bitcoin system Same in all over world why some wallet can control fees and others can’t like Blockchain.info ?? About fees, wallet developers have arranged how a wallet set fees according to the network condition. Some wallet are better than others for sure, I recommend electrum wallet and nothing to complain about this wallet. But, I've been using Blockchain.info wallet for a long time and the last few months it has an upgrade which you can set customize fee for sending bitcoin. Title: Re: Difference Between web wallets Post by: swogerino on October 16, 2017, 07:07:43 PM No real difference between web wallets. Everyone of them has a different interface but if you see in the core they all work the same. A third party website is needed to be reached if you want to make a bitcoin transaction. That is why web wallets are not recommended because if the website is down you cannot make a payment at that time. If you use a desktop wallet you only need a working internet connection and no one can stop you from sending payments.
Title: Re: Difference Between web wallets Post by: MARK 777 on October 25, 2017, 09:02:30 AM Because their dev don't want to or haven't implemented this feature already. Wallets are just a "client" to create transactions and broadcast them to the Bitcoin network. Every coin you have is stored in the Blockchain, and not in the wallet itself. This means that every wallet should be able to do what others do if the dev wants. to who Fee money go ? to wallets or bitcoin system ? Title: Re: Difference Between web wallets Post by: mocacinno on October 25, 2017, 09:04:51 AM Because their dev don't want to or haven't implemented this feature already. Wallets are just a "client" to create transactions and broadcast them to the Bitcoin network. Every coin you have is stored in the Blockchain, and not in the wallet itself. This means that every wallet should be able to do what others do if the dev wants. to who Fee money go ? to wallets or bitcoin system ? To the miner that included your transaction into the block he/she was trying to solve (and succeeded in solving + broadcasting said block) Title: Re: Difference Between web wallets Post by: n691309 on October 26, 2017, 05:59:14 PM Wallet works just the same way the one you put in your back pocket or the way your bank works. Receiving of funds while your public address is like your bank account number.
Title: Re: Difference Between web wallets Post by: ThunderCatSteve on March 24, 2018, 02:46:20 PM 1)if bitcoin system Same in all over world why some wallet can control fees and others can’t like Blockchain.info ?? Firstly, it is a free world and every system can decide to do whatever they like, it is only left to you as a user to know whether it is OK by you or not and make use of the one that feels okay. I do not know why some of these web wallets like blockchain, which obviously use to allow export of private keys in the past stop, but the reason is best known to them and their devs alone.2) How wallet work with short word ?? Title: Re: Difference Between web wallets Post by: whirlcoin on March 26, 2018, 06:15:00 AM 1)if bitcoin system Same in all over world why some wallet can control fees and others can’t like Blockchain.info ?? 1.It is their personal decision that to implement the customize fee or not but most of the exchange wallet have high and fixed fee but some wallet have fixed fee according to the current situation on the memepool so the fee will be low if the memepool is empty.2) How wallet work with short word ?? 2.What do you mean by short word,you mean tha password?. Title: Re: Difference Between web wallets Post by: carlfebz2 on March 26, 2018, 10:11:57 PM 1)if bitcoin system Same in all over world why some wallet can control fees and others can’t like Blockchain.info ?? 1.It is their personal decision that to implement the customize fee or not but most of the exchange wallet have high and fixed fee but some wallet have fixed fee according to the current situation on the memepool so the fee will be low if the memepool is empty.2) How wallet work with short word ?? 2.What do you mean by short word,you mean tha password?. |