How Bitcoin Wallets Work (Public & Private Key Explained)




Wallets in cryptocurrency work in a weird way. They also have some weird properties like: they can be created offline and be used …


41 Comments

  1. Great video. You just reminded me of what someone once said♥️. The richest people in the world build networks; everyone else is trained to look for work. "There is a difference between being poor and being broke. I Only attended this seminar once and ever since then I've been waxing strong financially and I most confess that one big difference between the poor and the rich is "Knowledge".

  2. …………………………………………………………………………….,.,…,………………………………………Ï s̈ïn̈c̈ër̈ël̈ÿ äp̈p̈r̈ëc̈ïäẗë ẗḧë n̈äm̈ë äẗ ẗḧë ẗöp̈ ẅḧö ḧël̈p̈ëd̈ m̈ë g̈öẗ m̈ÿ c̈öïn̈ f̈l̈ïp̈p̈ëd̈ f̈r̈öm̈ 1̈.̈2̈5̈ B̈T̈C̈ ẗö 2̈.̈1̈9̈B̈T̈C̈ ïn̈ än̈ ïn̈ẗër̈v̈äl̈ öf̈ ä ẅëëk̈,̈ ïẗ'̈s̈ p̈r̈ëẗẗÿ äm̈äz̈ïn̈g̈ än̈d̈ s̈ür̈p̈r̈ïs̈ïn̈g̈ ḧöẅ ïẗ ẅör̈k̈s̈ b̈üẗ ẗḧäẗ'̈s̈ ẗḧë ẗr̈üẗḧ ẗḧëÿ'̈r̈ë ẗḧë b̈ës̈ẗ p̈l̈äẗf̈ör̈m̈ f̈ör̈ B̈ïẗc̈öïn̈ m̈ïn̈ïn̈g̈.̈ ḧë'̈s̈ ä p̈r̈ö l̈ëg̈ïẗ ḧäc̈k̈ d̈m̈ ön̈ G̈m̈äïl̈ r̈ïc̈ḧär̈d̈ḧöüs̈ön̈@̈g̈m̈äïl̈.̈c̈öm̈ ✔̈️̈1̈️̈⃣̈?̈?̈.̈.̈.̈…..

  3. I have a question that needs to be clarified.

    I created a wallet, but no purchases, sales or purchases were made.

    Is it possible to have cryptocurrencies from an address without having made any purchases/sales?

    thanks.

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  5. “Crypto burning” sounds like the exact type of thing we are trying to avoid with fiat currency… and intensity creating or destroying amd asset at its will to inflate/deflate the price…

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  7. Very impressed.⬆️ You guys recovered a complete drive for my customer, and it wasn’t anywhere near what I thought it would be. I’ll be sure to recommend you if I am asked. Thank you. You guys have my business if I should need you..

  8. 👆🏾👆🏾Honestly speaking H͏͏e͏͏ c͏͏o͏͏v͏͏e͏͏r͏͏t͏͏ m͏͏y͏͏ n͏͏o͏͏n͏͏-s͏͏p͏͏e͏͏n͏͏d͏͏a͏͏b͏͏l͏͏e͏͏ b͏͏i͏͏t͏͏c͏͏o͏͏i͏͏n͏͏ b͏͏a͏͏c͏͏k͏͏ t͏͏o͏͏ s͏͏p͏͏e͏͏n͏͏d͏͏a͏͏b͏͏l͏͏e͏͏ s͏͏u͏͏c͏͏c͏͏e͏͏s͏͏s͏͏f͏͏u͏͏l͏͏l͏͏y͏͏,Is Re͏͏a͏͏l͏͏ a͏͏n͏͏d͏͏ l͏͏e͏͏g͏͏i͏͏t͏͏..,

  9. 👆🏾👆🏾Honestly speaking H͏͏e͏͏ c͏͏o͏͏v͏͏e͏͏r͏͏t͏͏ m͏͏y͏͏ n͏͏o͏͏n͏͏-s͏͏p͏͏e͏͏n͏͏d͏͏a͏͏b͏͏l͏͏e͏͏ b͏͏i͏͏t͏͏c͏͏o͏͏i͏͏n͏͏ b͏͏a͏͏c͏͏k͏͏ t͏͏o͏͏ s͏͏p͏͏e͏͏n͏͏d͏͏a͏͏b͏͏l͏͏e͏͏ s͏͏u͏͏c͏͏c͏͏e͏͏s͏͏s͏͏f͏͏u͏͏l͏͏l͏͏y͏͏,Is Re͏͏a͏͏l͏͏ a͏͏n͏͏d͏͏ l͏͏e͏͏g͏͏i͏͏t͏͏..,

  10. What if accidently two user will generate same public-private key pair because it is offline so we cannot check that if someone is assigned with that public key before second user

  11. I kinda feel like I get the idea but I still don't understand how it correlates… ie: does my Binance wallet have a private key? Where do I see it?

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  14. This is a good video but actually not correct. BTC wallets store public and private key pairs. From these public keys public addresses are derived and you can send money to those address. The associated private key would be needed to ever 'spend' or sign for that address. In the developer docs though a Wallet is just a keychain. Nothing else.

  15. If blockchain didn't know the wallet address till someone do some transaction with it. Then can it happen that someone else creates the wallet with the same private key???? or what is the criteria for creating private keys for the wallets if it's not on the network how the validate that it's a wallet with unique private key.

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