The principle of BTC Wallet

1. The essence of BTC is a distributed, algorithm-based and public network account book (just as the essence of a bank is a private account book which is not publicly controlled by the central government). The wallet (private key) is actually the right for you to modify the account number (public key or bitcoin address) in the account book. The wallet corresponds to the account number. In fact, the specific wallet file contains more than one private key information, which can be copied to other places for use. As long as you have the private key corresponding to the account, it's like having the password of the bank card. Understand the above, you should also understand the answer to your question - B has 10btc on the address. It's not about the computer. This may be better understood by you: wallet = private key (bank card password) + public key (bank card number) BTC network system = Bank, access to BTC network with wallet = bank card inserted into ATM and certified, payment = transfer to other accounts.

2. How to choose BTC wallet and how to store your bitcoin? This is an important problem that every bitcoin user must face. Bitcoin gives you more freedom and power to control your money. But if you are not careful, it may bring disastrous losses. If you choose to remain in complete control of your bitcoin on your own, then there is no one who can stop you from doing something stupid and pay for your mistakes. There is no bitcoin company to call and try to convince your legitimate owner of your address so they can give you the key back. However, there are friendly and secure services based on bitcoin, or intermediate solutions, which can let users avoid the risk of operating wallets. The purpose of this article is to explain what different options you have for storing BTC, so that each user can make the right choice between security and control. Wallets fall into two main categories: Online wallets online wallets are by far the easiest way to access your bitcoin from any computer. But there needs to be enough trust in wallet service providers. Currently, there are four main choices for online Wallet:

3. Bitcoin wallet stores your bitcoin information, including bitcoin address (similar to your bank card account number) and private key (similar to your bank card password). Just like a physical wallet can store multiple bank cards, a bitcoin wallet can also store multiple bitcoin addresses, as well as an independent private key corresponding to each bitcoin address. The core function of bitcoin wallet is to protect your private key. If the wallet is lost, you will lose the bitcoin forever. There are many forms of bitcoin wallets, such as PC or mobile wallet clients, online web wallets, and even small notebooks (paper wallets) or brains (brain wallets) that record the private key of bitcoin. You can choose the right wallet according to your needs. As the saying goes, "don't put eggs in one basket", using a variety of ways to disperse storage is also an effective way to rece risk.

4. I know that. It has many functions

5. The so-called hardware wallet actually manages the application of digital currency based on blockchain technology, such as bitcoin. It generally provides functions such as wallet address creation, transfer, transaction query, etc
the "blooming of a hundred flowers" of hardware wallet corresponds to the wide application of blockchain technology in digital virtual currency
the concept of wallet refers to the software, client or hardware devices that store digital currencies such as bitcoin, Ethereum and lightcoin as digital wallets (such as Kushen hardware wallet, ledger, bepal, etc.). With a wallet, you can store your own monetary assets without relying on a trading platform or other intermediaries.

6.

Last week, a paragraph about bitcoin became popular:

bitcoin broke through 5800 US dollars (about 38280 yuan) . When it was issued in 2009, 1 US dollar was equivalent to 1300 bitcoins. What is investment? It has increased by 7.54 million times in 8 years. At that time, you spent 38000 yuan to buy some bitcoin. Now you are the richest man in China, surpassing Xu Jiayin, who has 290 billion yuan

but just one week later, on October 20, bitcoin broke through the $6000 mark. Although it fell later, it reached more than $6000 again on October 21, reaching a maximum of $6147. In terms of $6000, bitcoin prices have risen 7.8 million times in eight years

according to cryptocompare, a bitcoin data provider, e to China's strict supervision of cryptocurrency trading, the global share of bitcoin market has been greatly changed. Now, in the total trading volume of the world's bitcoin exchanges, the trading volume of RMB versus bitcoin accounts for about 1.6%

} the proportion of RMB and yen in global bitcoin trading volume (photo source: cryptocompare)

the reporter noted that in the first half of this year, after Japan's legislation recognized bitcoin as a legal payment method, bitcoin's trading volume in Japan surged, and Japanese regulatory authorities have issued certificates to 11 cryptocurrency exchanges. About 58% of bitcoin trading currently takes place in the Japanese market, and nearly a third of yen to bitcoin trading takes place on the bitflyer exchange in Tokyo. In addition, the U.S. and South Korea markets also account for a large part of global bitcoin transactions - the U.S. dollar and the Korean won account for 27% and 7% of the total bitcoin transactions, respectively< br />