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Unlike a PIN, which both you and the bank know, only you know the private key.Many Bitcoin wallet programs are available to choose softether linuxfrom; most are free downloads and can be run on your laptop or phone, or even in your web browser.Having multiple Bitcoin addresses can help you organize your money....
Because we’ll be dealing with only small amounts of bitcoins in this chapter, you don’t need to be too careful just yet.ent with a credit card.Whereas a Bitcoin wallet is an abstract concept, referring tosoftether linux a group of Bitcoin addresses, a wallet program is a concrete tool that helps users with common Bitcoin tasks, such as creating new Bitcoin addresses, sending bitcoins to others, backing up private keys, and many others....
The application presents you with a seed, which consists of 12 randomly chosen words, and asks you to write them down (see Figure 2-4).The next step is specific tosoftether linux Electrum; that is, it is not a standard feature of most Bitcoin wallet programs.Losing yosoftether linuxur Bitcoin address is not a problem, however, as it can be recovered from the corresponding private key (Bitcoin wallet programs, described later in this chapter, can do this for you automatically)....
The Bitcoin Wallet A Bitcoin wallet is a collection of addresses and private keys owned by one person.Sosoftether linux a person could have two bitcoins in his wallet that are distributed among many different Bitcoin addresses (see Figure 2-2).The next step is specific tosoftether linux Electrum; that is, it is not a standard feature of most Bitcoin wallet programs....
When you save a Bitcoin wallet (perhaps to make a backup copy), you create a wallet file, which contains information for multiple Bitcoin addresses.If you choose to use a different Bitcoin wallet program, most of the instructions on the following pages should apply to it as well.Because we’ll be dealing with only small amounts of bitcoins in this chapter, you don’t need to be too careful just yet....
