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Results tagged with wallet
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user 307
A wallet manages a user's private keys. Wallet software is used to send and receive Bitcoin. It also keeps track of the user's transactions, addresses, and balance.
1
vote
Will it be possible to export a key and only allow it to be imported once?
No and trying to do so breaks the security of bitcoin.
If you want to send someone coins then create a transaction. This will be verified by the network and the wealth can be safely and irreversibly …
- 8,827
12
votes
Where are the user's bitcoins actually stored?
Your coins are stored in addresses in the block chain. Thus your coins and my coins and everyone's coins are stored in every computer which makes up the Bitcoin network. The block chain contains eve …
- 8,827
30
votes
How is a wallet's balance computed?
Wallet balance (or address balance) is an abstraction to help us humans and make Bitcoin more like conventional payment systems. Balances are not used at the protocol level. … The wallet uses the listunspent set and memory pool to determine the current balance. …
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7
votes
Accepted
What is the absolute minimum amount of information required to have access to a bitcoin bala...
Nmat answer is correct the absolute minimum you would need to rebuild a wallet is the private key of the address.
An alternative is a deterministic wallet.
What is a deterministic wallet? … A deterministic wallet can use cryptographic algorithms to create (and recreate) and wallet containing multiple public/private keys from a single passphrase. …
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10
votes
Are private keys published to the blockchain after spending coins from a wallet?
The answer is no. Your private key is never transmitted to the network for any reason. You may wonder how the network can validate that a transaction is "yours".
This is possible because Bitcoin use …
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1
vote
Confirmations on sent/receive transactions, still have 0 balance
https://en.bitcoin.it/wiki/Running_Bitcoin
There is a command line argument -rescan which forces the client to recheck every block for transactions related to the current wallet. …
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10
votes
How does the Bitcoin client encrypt the wallet.dat file?
or some other known commonly used password it will still be trivial to brute force the wallet. … So the wallet does slow the attacker down but if the password is weak then it can't slow it down enough. …
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