Bitcoin: Difference between revisions
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*The wallet is a public-private key pair | *The wallet is a public-private key pair | ||
Revision as of 02:29, 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
- Miners - ant miners pay for themselves in a few month.
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