How is bitcoin address formed
The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system. Bitcoin network will automatically adjust the difficulty of mathematical problems, so that the whole network will get a qualified answer about every 10 minutes. Then bitcoin network will generate a certain amount of bitcoin as block reward to reward the person who gets the answer
all transfer records of each bitcoin address can be found through the blockchain
bitcoin address is an indivial's bitcoin account, which is equivalent to your bank card number. Anyone can transfer bitcoin to you through your bitcoin address
how to get your own exclusive bitcoin address? You can download a bitcoin wallet or register on a trading platform. Everyone's bitcoin address is unique. If you have an address, you can make a bitcoin transfer. Download bitcoin client or bitcoin wallet, you can also register your own bitcoin address. Go and create your own bitcoin address~
Download bitcoin wallet, open the wallet, and the wallet address will be generated automatically. Your bitcoin is in your "wallet". A wallet can contain many... Many addresses. The form of the address is the form
bitcoin
trades directly through the wallet. Detailed can go to cnfol bitcoin network to learn how to trade, I don't know.
First of all, you should imagine a concept of "wallet" in your brain. Your bitcoin is in your wallet. A wallet can contain many... Many addresses. The form of the address is the form
with the bitcoin address generated in the bitcoin wallet, you can receive bitcoin from others, and you can also transfer the bitcoin in your account to the bitcoin address of others. Bitcoin address, like bank card number, has the functions of payment, transfer and withdrawal. However, when transferring money, you can only transfer money by knowing someone else's bitcoin address
if we simply compare a bitcoin wallet to a bank card account, then the address of the bitcoin wallet can be regarded as a bank card account number. The difference is that bitcoin addresses can not be stored on the network, but also exist independently of your wallet
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bitcoin address is a string of 26 to 34 letters and numbers. It looks like a lot of messy code. To put it bluntly, it's just like your bank card number. All transfer records of each bitcoin address can be checked through blockchain query, which is open and transparent
address generation of bitcoin Wallet: 256 binary digits are randomly selected to form the private key, and then the address is generated by encryption function. This generation direction is unidirectional. That is, you know that the address cannot be decrypted to calculate the private key. At present, the computing power of human computer can't be cracked, so you can publish the address on the Internet with ease
reference link: bitcoin | network
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