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May 22, 2017, 06:58:34 AM
 #1
Hello all, I am still learning about this new technology of Bitcoin. I couldn't help but notice the thread at the very top: 'Bitcoin Core ...... Released'. I was just wondering as to what this 'Bitcoin Core' is and what it is used for?
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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May 22, 2017, 07:01:39 AM
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This is a bitcoin wallet used to receive/store/send bitcoins. Its the "official wallet" that was first created by Satoshi Nakamoto (the creator of bitcoin) and the thread you see on the TOP is simply a thread that you will continue to see over the years (as long as bitcoin core is being updated, basically the changelogs).
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May 22, 2017, 07:04:36 AM
 #3
Is this wallet online or downloadable onto your computer?
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May 22, 2017, 07:15:31 AM
 #4
Quote from: Enabled on May 22, 2017, 07:04:36 AM
Is this wallet online or downloadable onto your computer?

It's a desktop wallet, so you download it, and sync it... This process can take hours to days and takes +100 Gb of diskspace. If you don't want this, you should look at an SPV wallet like electrum.

BTW: i would strongly advice to stay away from online wallets for multiple reasons.
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May 22, 2017, 09:41:26 AM
 #5
Quote from: mocacinno on May 22, 2017, 07:15:31 AM
Quote from: Enabled on May 22, 2017, 07:04:36 AM
Is this wallet online or downloadable onto your computer?

It's a desktop wallet, so you download it, and sync it... This process can take hours to days and takes +100 Gb of diskspace. If you don't want this, you should look at an SPV wallet like electrum.

BTW: i would strongly advice to stay away from online wallets for multiple reasons.

Why does it take so much space? Does it have to download a copy of the blockchain on your HDD? Is the HDD speed of importance later on? I have an old 120GB SATA from many years ago, you think it's suitable?
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May 22, 2017, 09:43:50 AM
 #6
Quote from: Rincevent on May 22, 2017, 09:41:26 AM
Quote from: mocacinno on May 22, 2017, 07:15:31 AM
Quote from: Enabled on May 22, 2017, 07:04:36 AM
Is this wallet online or downloadable onto your computer?

It's a desktop wallet, so you download it, and sync it... This process can take hours to days and takes +100 Gb of diskspace. If you don't want this, you should look at an SPV wallet like electrum.

BTW: i would strongly advice to stay away from online wallets for multiple reasons.

Why does it take so much space? Does it have to download a copy of the blockchain on your HDD?

Yes, it downloads the full blockchain and verifies everything...
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c.h.
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