How to upgrate Bitcoin qt

[Plank]

Hello, how to upgrade to newest bitcoin qt version? I have to download It and install, and what's next? Will my bitcoins will be still there on the newer version? I am pretty new to this.


Also everyone says that you have to know your private key. As I understand there is no 1 private key that you must know, every address has Its own private key and all of them are stored in wallet.dat file? Am I right?

[1714822888]

1714822888

[1714822888]

1714822888

[1714822888]

1714822888

[1714822888]

1714822888

[shorena]

Hello, how to upgrade to newest bitcoin qt version? I have to download It and install, and what's next?

Yes, just shut down the old version, backup your wallet (just in case) and install the new version.

Will my bitcoins will be still there on the newer version? I am pretty new to this.

Yes, unless something goes wrong. Thats why you make a backup first. I would not expect something to go wrong, but it does not hurt to be extra carefull.

Also everyone says that you have to know your private key.

The private keys (usually more than 1) are in your wallet.dat, you dont need to memorize them.

As I understand there is no 1 private key that you must know, every address has Its own private key and all of them are stored in wallet.dat file? Am I right?

That is correct. What you need to know is your password that keeps the private keys safe. Sometimes people mix that up.

[jeroenn13]

1 - Create backup
2 - Install new QT
3 - Run.

[Dare]

As I understand there is no 1 private key that you must know, every address has Its own private key and all of them are stored in wallet.dat file? Am I right?

That is correct. What you need to know is your password that keeps the private keys safe. Sometimes people mix that up.

Most of the time, people saying that you must know your private keys actually mean that you must control your private keys. Web generally wallets manage your keys for you so you don't have access to them, and anyone with direct access to the keys is capable of spending the coins. If you're using Bitcoin Core, all of your keys are in your wallet.dat file, so as long as you secure it in some way (such as the built-in encryption) you should do fine. No one that I've heard of has memorized a private key, though similar (and potentially less secure, if done wrong) effects can be achieved through the use of brainwallets and wallets with memorizable deterministic seeds.

As for your original question, just back up your wallet and install the new version as everyone else has said. It's as simple as that.