Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Abdul Kayum on December 28, 2017, 09:28:43 AM
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its a common question everytime..so read the articles
A Bitcoin wallet can be computer software, hardware, or a printed piece of paper, but they all essentially do the same thing: they allow you to spend and receive bitcoins.The core part of a Bitcoin wallet are its Each A secret (long) number that allows bitcoins to be spent. The private key is mathematically related to all Bitcoin addresses and public keys generated from it.is a very large randomly generated number, and is used to create a corresponding Bitcoin address. A string of long letters and numbers used to create the Bitcoin address. The public key is created from the private key. In cryptography the public key is used to encrypt messages intended only for that key holder.Each matching private and public key constitutes a cryptographic key pair.
Simply put, public keys are how you receive bitcoins, and private keys allow you to spend bitcoins. Public keys are derived from your private keys, and your wallet contains your collection of private keys.So basically, wallets allow you to store and manage your bitcoins. Take a look my comparison of different Bitcoin wallet for the various features, advantages, and disadvantages of each type.Keep in mind if your wallet is ever lost or stolen, your bitcoins are gone forever. So keep your wallet secret and safe.
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its a common question everytime..so read the articles
A Bitcoin wallet can be computer software, hardware, or a printed piece of paper, but they all essentially do the same thing: they allow you to spend and receive bitcoins.The core part of a Bitcoin wallet are its Each A secret (long) number that allows bitcoins to be spent. The private key is mathematically related to all Bitcoin addresses and public keys generated from it.is a very large randomly generated number, and is used to create a corresponding Bitcoin address. A string of long letters and numbers used to create the Bitcoin address. The public key is created from the private key. In cryptography the public key is used to encrypt messages intended only for that key holder.Each matching private and public key constitutes a cryptographic key pair.
Simply put, public keys are how you receive bitcoins, and private keys allow you to spend bitcoins. Public keys are derived from your private keys, and your wallet contains your collection of private keys.So basically, wallets allow you to store and manage your bitcoins. Take a look my comparison of different Bitcoin wallet for the various features, advantages, and disadvantages of each type.Keep in mind if your wallet is ever lost or stolen, your bitcoins are gone forever. So keep your wallet secret and safe.
The only way for you to lose your BTC is by phishing scams or the hackers stole your private key.
What kind of wallet do you use?
Web-based wallets are tend to be insecure.
I'd suggest to get desktop wallet as you have more controls of your private key, just make sure your PC is clean from malware and junks.
If you're really serious about security you can get hardware based wallet like Trezor or paper wallet, that should be enough.
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If you're really serious about security you can get hardware based wallet like Trezor or paper wallet, that should be enough. :)
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Bitcoin wallet is an address that has a private key.
if your private key forgets to save it then your money will also disappear.
so be careful of the private key.