Bitcoin Forum
June 13, 2024, 09:23:31 PM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15]  All
  Print  
Author Topic: What is Bitcoin Wallet?  (Read 1395 times)
eijikaido11
Jr. Member
*
Offline Offline

Activity: 196
Merit: 4


View Profile
April 27, 2018, 08:20:27 AM
 #281

A bitcoin wallet is a software program that stores the record (aka private key) of every bitcoin you own. Bitcoin wallets come in many different forms, and it's important to understand them -- and how to keep them safe -- before you even start buying bitcoins.
To understand bitcoin wallets, it is helpful to review some basic foundational information. Bitcoin addresses, which are strings of letters and numbers, contain both a private and public key.
A private key gives a user the means to spend bitcoin. A public key is more like a destination that lets a user to receive bitcoin.
Because a private key holds all information needed to access a bitcoin address, one can use it to derive the public key.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!