Bitcoin: Difference between revisions
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*Hardware wallet or paper copy is safest - ledger nano s, or https://trezor.io/ | *Hardware wallet or paper copy is safest - ledger nano s, or https://trezor.io/ | ||
*The hardware wallet should have a display. The display is used to generate your key pair if you lose - you can recreate your key pair by 20 words that you write down or remember. | *The hardware wallet should have a display. The display is used to generate your key pair if you lose - you can recreate your key pair by 20 words that you write down or remember. | ||
*Exchanges typically store your private key. | |||
*Private key is what is used to access your wallet | |||
=Basics= | =Basics= | ||
Revision as of 00:34, 10 January 2018
Notes
- The wallet is a public-private key pair
- Hardware wallet or paper copy is safest - ledger nano s, or https://trezor.io/
- The hardware wallet should have a display. The display is used to generate your key pair if you lose - you can recreate your key pair by 20 words that you write down or remember.
- Exchanges typically store your private key.
- Private key is what is used to access your wallet
Basics
- The First Decentralized Cryptocurrency
- May not be the best, but it is widely in use compared to other cryptocurrencies
- Part of the Open Source Currency Construction Set