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Minggu, 04 Juni 2017

DEFINITION OF WALLET BITCOIN

What is a Bitcoin Wallet ?
DEFINITION OF BITCOIN DOMPET. Wallet Bitcoin, is the place (purse) of Bitcoin storage. Somebody, will not be able to have Bitcoin without Bitcoin storage (Bitcoin Wallet / Wallet Bitcoin). Bitcoin wallet function is to store some cryptographic keypair, or more commonly known as "Bitcoin Address" (Bitcoin address).



The nature of the Bitcoin Wallet is different from the conventional wallets we used to know, whose function is to save some money. Meanwhile, Wallet Bitcoin has a different function, because Bitcoin wallet will organize a number of Bitcoin address (Bitcoin address) owned by the user.

Meanwhile, the amount of funds owned by the user can be accessed by requesting data amount of funds contained in Bitcoin addresses owned and add them.

Inside Bitcoin, a Bitcoin user, can have many bitcoin addresses. With this bitcoin address (Bitcoin Address), Bitcoin users can transact, either send or receive Bitcoin from other users.

To be able to spend Bitcoin, the owner needs a special line of code called "private key". This line of code is stored in a "wallet" or digital wallet. When it will be used, then the owner accesses the code and uses it for the transaction. There are two things to know, namely about Private Key, and Public Key in Bitcoin wallet.

Private Keys
Private Key (secret key), known only to the owner of the Bitcoin address. Properly, the private key functions as a PIN number in a Bank account. Broadly speaking, Private Key is as a key security of bitcoin users. Private key can be stored on computer or printed with printer. If the Private Key is known to others, then most likely will be stolen by others

Private Key Example:
5KJvsngHeMpm884wtkJNzQGaCErckhHJBGFsvd3VyK5qMZXj3hS

Public Keys
Public Key, more reflected on bitcoin address (Bitcoin Address). Public Key in Bitcoin, has a function to identify the address of the sender and receiver of Bitcoin. So bitcoin will be distributed to others.


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