The key of BTC

1. The private key of bitcoin wallet is a string of codes, which is very long. It is not 12 words, let alone (34 strings at the beginning of 1).

2. 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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3. Bitcoin is an electronic coin proced by open source P2P software. Digital coin is a kind of network virtual asset. Bitcoin is also paraphrased as "bitcoin.". Bitcoin is based on a set of cipher codes and generated by complex algorithms. This rule is not interfered by any indivial or organization and is decentralized; Anyone can download and run the bitcoin client to participate in the proction of bitcoin; Bitcoin uses electronic signature to realize circulation, and checks repeated consumption through P2P distributed network. The generation and consumption of each bitcoin will be recorded through the P2P distributed network and informed to the whole network. There is no possibility of forgery.

4. The private key is a confidential block of data that, through an encrypted signature, proves that you have the right to spend bitcoin from a specific bitcoin address. Each bitcoin address has its own unique private key. If you are using wallet software, your private key is stored in your computer; If you are using an online wallet, your private key is stored on a remote server; The private key can't be disclosed, because with it, you can spend the bitcoin in its corresponding bitcoin address--- Token network forum.

5. 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

6. Bitcoin private key is a 256 bit random number generated by SHA-256 algorithm

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8. Bitcoin address is used when receiving or sending bitcoin. It is a string composed of numbers and letters

bitcoin is based on cryptography, so its address is anonymous, which greatly ensures the security of the address, and the private key is used to protect the user's ownership of bitcoin

both exist to ensure the security of user accounts.