Virtual currency private key public key

5. Applications that support bitcoin protocol can correctly convert this string into the private key of bitcoin, and then convert the public key to get an address. If there is a corresponding bitcoin on the address, you can use the private key to spend the above bitcoin.

6. I'll give you my address (address). You can find my zip code (public key). You can write to me with my zip code (public key) + address. The mail will be sent to my mail cabinet. I'll open the mail cabinet (private key) with the key I have
1. The mail cabinet is stolen (the database is stolen)
2. The key is stolen (the private key is stolen)
3. Knowing my home address (the public key is stolen), the mail cabinet lock is opened violently (the private key is cracked violently).

8. Truth of bitcoin:
1. Who benefits the most from researching and hyping bitcoin
2. In essence, it's USA's Intel, NVIDIA, amd + ATI
3. Bitcoin requires a huge amount of CPU, GPU, memory, motherboard, power supply, wire and venue
4. Since the speculation of bitcoin, the sales of CPU, GPU, memory, motherboard, power supply and wire are the highest
5. It's the CPU and GPU instry of USA that really make a big profit, while the retail and service of other countries are just middlemen making a difference
6. The plan to hype bitcoin: it boosts the high-end, core and basic chip instry capacity of USA. other countries are compradors
7. Harm: lose the ability to develop domestic high-end, core and basic chips, and become a retailer that can only sell chips for USA.

9.

There is no limit on the total amount of use, but there is a limit in theory. It depends on the number of public key digits. A simple high school permutation can calculate the number (an astronomical number); A public key is a very good random number generator. Under the restriction of long enough public key, it is impossible to have plicate public key in theory

the following is the calculation comparison of different length keys in intercepted professional books

10.

Many small white just admission, was the private key, public key, address, and other relations confused. Some of them even lost their private key. They had money on the address, but they just couldn't get it out. Today, Xiao will try to figure out the relationship between the private key, the public key and the address

The relationship among

private key, public key and address is as follows:

the private key is converted into (generated) public key, and then converted into address. If there is bitcoin or integrity coin on an address, you can use the private key converted into this address to spend the above integrity coin. The generation of public key and address depends on private key, so private key is the most important

The same is true for mobile phone wallet, but the file management method of mobile phone is not as convenient as that of computer. Therefore, the general mobile wallet will provide a function called or similar to "export private key". Through this function, the private key can be exported in various forms

for example, bitcoin mobile wallet can be exported as a two-dimensional code, which can be printed or scanned on paper. When replacing a mobile phone, install a bitcoin wallet and scan the QR code to migrate bitcoin. Bitcoin mobile wallet and trustcoin mobile wallet can be exported as a clear text string and printed on paper - this is paper wallet

paper wallet allows users to spend your bitcoin or trustcoin at any terminal with bitcoin or trustcoin wallet

the loss or damage of the wallet will lead to the loss of the private key, thus completely losing the transfer right of the digital currency. To prevent such tragedies, you should always back up the data in your wallet. In addition to the address, all the private keys are saved ring the backup

summary

1, the private key should be well protected to prevent loss and forgetting. When the mobile phone clears the information, it is best to it by hand, but do not disclose it

2, you should prevent your wallet from being lost or damaged, resulting in the loss of your private key and the right to transfer in digital currency. Otherwise, you can't take out more than one currency, which is not useless