Private key of bitcoin trading platform
1. Legal currency transaction: that is to buy, sell or trade digital assets through legal currency. For example: bitcoin now quote 6 in case, then whether it is credit card or Alipay WeChat, anyway, buying money directly is the legal tender transaction.
2. Currency currency transaction: mainly for transactions between virtual currency and virtual currency, one of which is used as the pricing unit to purchase other currencies. Its trading rules are also based on price priority and time priority
3. Leverage Trading: it is to invest several times of the original amount with small amount of funds. In order to obtain the relative investment object volatility multiple yield, or loss. As the increase or decrease of margin does not move in proportion to the fluctuation of underlying assets, the risk is very high
4. Contract trading: contract trading is the general term for the futures contract trading of the 796 exchange in comparison with the special currency. In June 2013, 796 exchange took the lead in developing bitcoin weekly delivery standard Futures - t + 0 two-way trading virtual commodity barter contract (contract trading) in bitcoin instry
warm tips:
1. The above explanations are for reference only, without any suggestions
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: January 28, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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The private key of bitcoin wallet cannot be viewed online. Bitcoin exists on the platform. To download core or classic is the real wallet, and then you can view it
[description of private key of bitcoin wallet]:
1. Wallet encryption refers to automatically encrypting and storing the wallet with private key. The official bitcoin client supports wallet encryption since version 0.4.0. The encrypted wallet will prompt you to enter your password every time you pay. If the password is wrong, the client will refuse to pay
2. If you replace it with the earliest backup wallet (wallet. DAT), you can still trade normally. Considering the principle of bitcoin, it can be concluded that as long as there is a private key (wallet), you can prove that you are the legitimate owner of the wallet. No matter whether you encrypt or delete the wallet (the core is the private key corresponding to an address), you can't deny it
3. When backing up the bitcoin wallet, you should also pay attention to the existence of bitcoin payment change mechanism (for example, if you send 50 BTC in a complete 100 BTC to an address, the system will send 50 BTC to the other party's address, and return 50 BTC to a new address of your client, which will not be directly displayed in your address list)
4. After sending bitcoin to other addresses 100 times or using 100 different addresses to receive bitcoin, please back up your wallet again, otherwise the returned and received bitcoin will be lost forever. In addition to encrypting wallets, users can also generate offline paper wallets and brain wallets
in the bitcoin network, each node with a client installed has a distributed database to manage bitcoin proction, transaction, query account balance records, and update and record the latest records of changes in the bitcoin system
when you want to send 10 bitcoins to your friends. You need two things, one is the bitcoin address, the other is the corresponding private key. Bitcoin addresses are different from bank accounts. You don't need to sign a bunch of documents to apply for them. They are randomly generated, just a string of letters and numbers. The private key is also a similar string, but this is strictly confidential. The bitcoin address is like a transparent piggy bank. Everyone can see what's in it, but only the person with the private key can open it.
after you send the transaction application, the surrounding nodes will check whether your account has 10 bitcoins. If there are, they will agree to the transaction, and broadcast the message to the nearby nodes, which will be transmitted from one to ten, and from ten to 100, Soon the whole network will confirm the transaction information and write it to the block. Your friend will receive 10 bitcoins, and the transaction will be completed.
if you want to send small bitcoins, in theory, digital currency can be cut infinitely. At present, the smallest bitcoin unit is called "Nakamoto Tsung", which is equivalent to 0.00000001 bitcoins.
only the private key can decrypt the content encrypted by the private key
only the public key can decrypt the content encrypted by the private key
here, the public key is your bitcoin ID, and the private key is your wallet
when using bitcoin, you should take care of your wallet, and you'd better encrypt it with a password, You can use your bitcoin
there are many bitcoin trading platforms on the Internet, and you can find a lot of them by Google search
generally, you need to mine bitcoin, and there are also mining platforms on the Internet, but now the income is low, and the display card is burned
How are bitcoin addresses and private keys generated? Bitcoin uses elliptic curve algorithm to generate public key and private key, and chooses secp256k1 curve. The generated public key is a 33 byte large number, and the private key is a 32 byte large number. The wallet file wallet.dat directly stores the public key and private key. The bitcoin address we use when receiving and sending bitcoin is obtained after the public key is processed by the algorithm. The specific process is that the public key is first processed by SHA-256 algorithm to get 32 byte hash result, then processed by ripemed algorithm to get 20 byte summary result, and then the address we see is obtained through the character conversion process. This character conversion process is the same as that of the private key. The steps are as follows: first, add the version number to the input content (the summary result of 20 bytes for the public key and the large number of 32 bytes for the private key). After two successive SHA-256 algorithms, take the first 4 bytes of the hash result of the last time as the check code and attach it to the back of the input content, and then encode it with base58, Get the string{ RRRRR}
Transaction mode of bitcoin
bitcoin is e-cash similar to e-mail, and both parties need "bitcoin wallet" similar to e-mail and "bitcoin address" similar to e-mail address. Just like sending and receiving e-mail, the remitter pays bitcoin directly to the other party through a computer or smart phone according to the recipient's address. The following table lists some websites that download bitcoin wallets and addresses for free
a bitcoin address is a string of about 33 characters long, consisting of letters and numbers, always starting with 1 or 3, such as & quot& quot; Bitcoin software can generate address automatically, and it doesn't need to exchange information online, so it can be offline. More than 2 bitcoin addresses are available. Figuratively speaking, there are about two grains of sand in the world. If there is an earth in each grain of sand, then the total number of bitcoin addresses far exceeds the number of all the sand on all these "earths"
the bitcoin address and private key appear in pairs, and their relationship is just like the bank card number and password. A bitcoin address is like a bank card number, which records how much bitcoin you have on it. You can generate bitcoin address at will to store bitcoin. When each bitcoin address is generated, a corresponding private key of the address will be generated. This private key proves that you have ownership of the bitcoin at that address. We can simply understand the bitcoin address as the bank card number, and the private key of the address as the password of the corresponding bank card number. Only when you know the bank password can you use the money on the bank card number. Therefore, please keep your address and private key when using bitcoin wallet
after the transaction data of bitcoin is packaged into a "data block" or "block", the transaction is initially confirmed. When a block is linked to a previous block, the transaction is further confirmed. After six block confirmations in a row, the transaction was irreversibly confirmed. Bitcoin P2P stores all transaction history in a "blockchain.". The blockchain continues to extend, and once new blocks are added to the blockchain, they will not be removed. Blockchain is actually a distributed database composed of a group of scattered client nodes and all participants, which is a record of all bitcoin transaction history. Nakamoto predicts that when the amount of data increases, users hope that not all the data will be stored in their own nodes. In order to achieve this goal, he uses the hash function mechanism. In this way, the client will be able to automatically eliminate those parts that it will never use, such as some very early bitcoin transactions
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