Example of bitcoin key

1. In order to make it easier for new people to understand, sister coin will use some metaphors. Although she is not strict, she will understand better
the private key is like your bank card password
the address of bitcoin wallet is like your bank card
as long as you have the bank card and password, anyone can withdraw money from ATM
the address of bitcoin wallet is public, which means that everyone else has your bank card, so your bank card password (private key) becomes very important at this time
once your key is disclosed, others can transfer your bitcoin

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2. API keys are used to program transactions. One time password, with Google verifier. Download Google verifier to your mobile phone and install it. Scan the two-dimensional code with a verifier to get a one-time password. studybtc

3. Each person's wallet has more than one bitcoin address, and each bitcoin address represents a certain number of bitcoins. The bitcoin address is generated through a public key hash (rpiemd + Sha), and the public key is generated by the private key through elliptic curve (ECC). The private key is kept in the bitcoin wallet and should not be disclosed. The public key, together with the bitcoin address, needs to be publicly released through transaction records ring payment transactions, and the effectiveness of payment transactions is verified by the blockchain system.

4. Bitcoin is a hot topic recently. It's a way to make money like lottery, but its appreciation and decline are a bit serious, so I don't mind playing with it.

5. 1. Wallet encryption is to store the private key automatically. 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 the change mechanism of bitcoin payment (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.