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Author Topic: What is different between Bitcoin wallet, address and clients.  (Read 201 times)
ScamViruS (OP)
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November 17, 2019, 05:56:08 PM
 #1

I have experienced people always mixed up with bitcoin wallet, address and clients. So I research a bit more to write clear.

What is address?
I don't like to write my own word. I picked best quote for that.

Sources:- Bitcoin address.

Quote
A Bitcoin address, or simply address, is an identifier of 26-35 alphanumeric characters, beginning with the number 1, 3 or bc1 that represents a possible destination for a bitcoin payment. Addresses can be generated at no cost by any user of Bitcoin. For example, using Bitcoin Core, one can click "New Address" and be assigned an address. It is also possible to get a Bitcoin address using an account at an exchange or online wallet service.

Address

Sources:- Address.

Quote
P2PKH which begin with the number 1, eg: 1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2.
P2SH type starting with the number 3, eg: 3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy.
Bech32 type starting with bc1, eg: bc1qar0srrr7xfkvy5l643lydnw9re59gtzzwf5mdq

What is wallet?

Sources:- Bitcoin wallet.

Quote
A Bitcoin wallet is a collection of private keys but may also refer to client software used to manage those keys and to make transactions on the Bitcoin network.
This page covers various wallet formats in use.

What is clients?

Sources:- Bitcoin client.

Quote
A bitcoin client is the end-user software that facilitates private key generation and security, payment sending on behalf of a private key, and optionally provides:

Useful information about the state of the network and transactions.
Information related to the private keys under its management.
Syndication of network events to other peer clients.
This table compares the features of the different clients. All of the listed clients are open-source.




If you find out more information, feel free to share here.

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Velkro
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November 17, 2019, 06:34:18 PM
 #2

Pretty generic informations. Why only this 3 (Bitcoin wallet, address and clients) things you described?
It should be comprehensive in some specific group at least.
I hope it will help someone but this is absolute basic information and not a lot of it.
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November 17, 2019, 07:49:36 PM
 #3

The list for bitcoin clients in wiki seems not to be updated since a long time. Several good wallets have been made since 2015 {latest lunched client in the list) like Bither and Wasabi.

About OP ,
I suggest you to create a topic by your own words and add more useful links rather then those for bitcoin.wiki which seems to lack some updates, as no need for only pasted quotes to develop a useful topic.
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November 17, 2019, 08:51:05 PM
 #4

I prefer checking up clients fron https://bitcoin.org/en/choose-your-wallet?
I know some clients may not be listed there but at least the list is a little updated and the clients have be through checked to meet the minimum criteria require of a bitcoin client unlike the one of wikipedia. You also get to compare the clients using different parameters like transparency, ability to control your own coins, privacy, fees etc

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November 17, 2019, 09:42:38 PM
 #5

There is another thing which is often confused. It's public key and Bitcoin address. Many people are thinking that's same thing. But it's not. I don't know how to explain difference in simple words but I will try. Public key is generated from private key. And Bitcoin address is hash derived from public key. I hope that someone can explain it better, because I can try to go deep into details, but it won't be clear enough.

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November 18, 2019, 04:41:46 AM
Last edit: November 18, 2019, 04:59:46 AM by Coolcryptovator
 #6

I know OP intention is good, but unfortunately topic isn't well arranged and OP doesn't explained good. Try to research more and try to make clear actually what you want to say before write any topics.

However, I a short word, Address is identifier where we can receive/send bitcoin, Wallet is like a store where keep all your private keys safe and Clients is for manage your private keys like genarate private keys etc. Its true even sometime old users also mixed up together address, wallet and clients. It's just because lack of knowledge and still we have to learn lot of things regarding bitcoin.


I hope that someone can explain it better, because I can try to go deep into details, but it won't be clear enough.
I think there would be topic about it, but I will take a look. If not, then likely I will create one.

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paskah01
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November 18, 2019, 09:11:04 AM
 #7

Here is blockchain glossary to address your questions, i found it very helpful for beginners like us :

https://blogchainzoo.com/glossary/
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November 18, 2019, 06:26:15 PM
 #8

Here is blockchain glossary to address your questions, i found it very helpful for beginners like us :

https://blogchainzoo.com/glossary/

A better glossary/terminology is presented in the forum which is best to me. I have attached the link below. In the bitcoin.org website, I found some glossary which is far better than the link you have attached. For your info, there's no much better guideline/resources/suggestion etc. than bitcointalk forum. It's full of the legend. We are lucky to have a lot of legends around us here.
https://bitcointalk.org/index.php?topic=126798.0

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November 19, 2019, 01:58:07 AM
 #9

Here is blockchain glossary to address your questions, i found it very helpful for beginners like us :

https://blogchainzoo.com/glossary/

A better glossary/terminology is presented in the forum which is best to me. I have attached the link below. In the bitcoin.org website, I found some glossary which is far better than the link you have attached. For your info, there's no much better guideline/resources/suggestion etc. than bitcointalk forum. It's full of the legend. We are lucky to have a lot of legends around us here.
https://bitcointalk.org/index.php?topic=126798.0

Checked! Thank you Cheesy
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