Finally, this is the video that I am looking for, to get general understanding of bitcoin in overall. So many bitcoin videos and no one explain clearly like this. Thank you.
Wow! I’ve been drowning in the deep end that is cryptocurrency.... your video presentation is perfect! I can’t understand why you haven’t got millions of views! Thank you so much ☺️
Over the last weeks i've been educating myself on blockchain and cryptocurrency concepts, trying to figure out how the whole puzzle fits together. This video actually felt like the last piece of the puzzle for my mental picture on how the whole thing works! Your videos are amazing! Also, i must say i have an MSc degree in Computer Engineering and never actually bothered to soak in these security-related concepts in my classes (e.g., cryptography concepts, symmetric/asymmetric encryption) because it all just seemed so boring. You present it in a simple and to-the-point way, which is just wonderful!
2:50 this is really funny... so technically it means that when someone creates a new wallet, that person will always have and infinitesimally small chance of creating a wallet with the matching number to one of those that were used for coin burning, and so it can be filled with a huge amount of cryptocoins! xD Of course, that probability is so small you'd probably have a higher chance of writing the exact number of particles in the universe on your first try with your eyes closed... but still, not completely 0%! xD
This video says about cryptocurrency which explains about two keys one public another one private key.public key likes bank account and Private keys like ownership which very excellent teaching, for I like it.
Something is wrong here. If I guess any private key so that means I can derive public key out of it? Wouldnt that be a non secured wallet and I can have access to it?
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.
good video. I have two questions: recovery seed phrase contains wallet private key and wallet address? if someone sends bitcoins to non existing wallets address but this wallets is accidentally create a few years later the bitcoins will be there, right?
So there are publicKey and privateKey, you can generate publicKey from privateKey, but you CAN NOT generate privateKey from publicKey. 1. BTCAddress = RIPEMD160(SHA-256(publicKey)) , and you have to keep your privateKey secretly, 2. Someone sent you some coins to the address in #1 3. Now you want to send some coins to Alex , you have to provide your address , your privateKey and Alex's address 4. BTC Node will use your privateKey regenerate a new address , then compare the new address with the one you provided from #1. If it is valid, then check for the amount and submit a transaction at the end.
I spent about 8 hours confusing myself about this. Still so much confusion, I’m a coder so maybe I’m trying to go way way way too technical with it too fast
Excellent explanation. Thank you for your efforts. I have a question. Given that the wallet algorithm generate keys "randomly", and the algorithm do not check exisiting wallet keys, how they ensure that same keys are not used more than once?
@@simplyexplained - that sounds like a potentially serious problem. not for the average person, but for the people/organizations whose financial assets get transferred to an account that someone else can access and transact from. yes? no?
“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…
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".
More people are buying into Bitcoin. Becoming a decentralised, global currency. One tailwind, in particular, is the acceptance of Bitcoin by several high-profile individuals and businesses.
Great content. But a question. I know mathematically it is much > than winning the lottery but it seems like you could have a computer program auto generating wallets using a 12 word recovery phase and checking the balance. If zero move on. Why am I concerned about a near mathematical improbability?
I have a follow-up question: if coin burning (2:53 in video) is transferring money to a wallet that doesn't exist, and the blockchain does not have a list over existing wallets, how is this money "burned"? You mentioned that this is done in crypto projects to reduce the current supply, but how is the supply effectively reduced if the money is "waiting" in a wallet that has not been made by anyone? The blockchain does not know, as you point out, that this wallet has not been made yet, so it has no idea whether some guy, e.g. you, will show up in the future to claim the money or not. So, I just don't see why the money is gone, using your previous logic! It must be something I'm missing here =) Thank you so much for explaining
What happens (theoretically), if someone creating offline a Public+Private key combo, and someone else also creating a wallet with the same public but different private key. And then a third person sends money to this public key. Can person 1 and person 2 spend out the same money? I mean not both of them only one of them.
@@cjoshy sure you can You give the algorithm a 'seed' and get a private and public key - neither the blockchain nor the algorithm nows about the wallet numbers already in use
How can I do buy and selle with my Bitcoin wallet ?, and how can I withdraw or transfer money from my wallet, Thanks for your kind attention, God bless you
str225 if I had 70 different coins can I store it in one paper wallet or do I need a bitcoin paper wallet, etherium wallet, litecoin wallet, etc...For each coin? How do you remove the coins once they are inside of a paper wallet how do you know how many coins you have in the paper wallet? So many questions
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
So, one would still need to show their private keys in order to spend, even if it's just a portion of their coins in that wallet putting the remaining coins at risk?...
You don't have to "show" your private key. It is only used to put a digital signature on your transaction. This signature allows people to verify that it came from the person with the correct private key. BUT it can't be used to recreate your private key.
Thank you, it was interesting to watch. A little off-topic question, but I hope someone can help. How to transfer USDT from OKX wallet to Binance using the initial phrase: head isolate sound end kit industry choice festival limit stable dolphin derive. For some reason it doesn’t work for me, the address is not accepted.
Since each wallet is a set of letters and numbers, how do you avoid generating exact same number/letter combinations as someone else's wallet? Surely there must be some code in ethereum network to keep those checks, thus I would presume that internet connection is needed in that case, !?
Nope, no internet is required. They are relying on the fact that there are too many possible combinations. The chances of you generating a keypair that is already in use is very very low. The same principle is used in asymmetric encryption as well (things like PGP or SSH keys). Everyone can generate their own key locally.
@@simplyexplained @Simply Explained But still that is a risk. Is the ethereum built so that it anticipates if the two identical addresses show up, and lets other users know of the occurrence, and prompts for the change of those addresses, or something in that sense?
Help me understand something. If we can just create wallets then can we not both create the same keys? Then because our public keys are the same, I would also have your private key?
Generating a public/private keypair is just a bunch (it really is a lot) of math, which you can do on any computer, online or offline. You could even do it by hand, but that’s just insane.
Yes it will ‘create’ it offline. All public and private keys are already out there. The only thing you do is randomly choose one and the pub and priv get combined to form your wallet. Therefor you dont need to be online in order for it to be ‘created’. Correct me if im wrong here but this is how i thought it works.
How does someone show they have the private key, without actually providing the private key? My guess is that the public key is actually a hash of a hash of the private key, and the "proof" is providing that second hash. Please let me know!
You can use your private key to sign a message. Others can then verify this signature using your public key. Only the person with the private key can do that.
you know windows has a NSA backdoor? Windows itself is not secure. Use a hardware wallet like trezor, or make HD wallet somewhere secure and write down your seeds words.
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.
Hey, can you please help me answer this questions, or perhaps make a video on it and share it with the world. Whats the difference between a Crypto Wallet? and crypto Exchange? What roles and tasks belongs to each one of them? I ask this because these days, lines are becoming blurry b/w wallets and exchange providers
How does the algorithm make sure that an address is not generated twice? And what happens to the crypto burnt tokens, if someone or the algorithms regenerates that address? Thanks
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Btw,,, what if people attach my private key in their another wallet? For example we wrong transfer to random key, then if i attach first in my wallet, can people also attach it in their wallet?
Good video as usual, but I would mention that public keys should not be reused to reduce the ability to follow coins (see ‘change address’ for more info) and that most wallets do this by default.
Hi Wim! Long time no see ;) Yes, you're right. However, I don't know if it should've been mentioned here. I only wanted to explain the mechanics of creating wallets and making transactions.
@@simplyexplained It was a nice, quick and easy primer on wallets, but I would have gone a bit deeper into the details of it; maybe an idea for a part 2? ;)
So, let's say that i randomly found a provate key to an address. If i wanted to use the bitcoins inside of it. What do i do with the key? Where do i "put" it to owk the crypto?
Thanks but I'm still confused! 1. Address 2. Public Key 3. Private key?? Is this correct? what's the difference between address and public key and what's the difference in appearance?
@@allenanalla2549 I've cleared this up if it helps. Your private key is in the backend, you just need to deposit into the public key. The crypto in the wallet doesnt "earn profit" unless you lend it out (check out "staking") but it will always increase/decrease in value based on the market. It is not fixed at the price you bought it, if that helps.
Hi. Bitcoin addresses changes every time you receive a transaction. But for other crypto assets (Ethereum, etc.) the address stays the same. how do we can change the addresses for other crypto to stay with privacy like in bticoin? thanks
All of you guys are explaining what the public and private keys are but no one has actually gone another step forward to explain step by step how to generate your private keys and how to print it and how to delete it from your pc! Would you be the one to explain these please?
How is it possible that with a ledger nano s I can use the exact same 24 words to recover my funds for ada btc and eth despite them all being on separate blockchains?
But you should also know that bitcoin trading is not just about knowing how to set an order, getting a coin and waiting for the great profits bitcoin got famous for this in the field of trading.
It's basically a way of encoding your wallet's information in a list of easy to remember words. This is done because they are easier to handle for people (compared to the hexadecimal format that is otherwise used).
Technically, 2 persons on opposite sides of the world could generate the same digit wallet from their computers. The chance is very small but possible. What would happen to the money it holds?
"But how can I make a wallet?" would be the next question... :D Are there official tools for it? There must be some spezifications how to create those two numbers... And if I understand correctly: They aren't existing, so u have number that's it.... Also how can it be that those numbers are related, but u can not backwards generate a key to a wallet?
![[TF2] The Russian Bear Trap](http://i.ytimg.com/vi/YFNSwz2_rOA/mqdefault.jpg)
Finally, this is the video that I am looking for, to get general understanding of bitcoin in overall. So many bitcoin videos and no one explain clearly like this. Thank you.
*Ronaldhacks01_ on ||•πsta* his indeed a life changer cos he provided me an active private key software.
When talking about legit Private key expert *Ronaldhacks01_ on ||°πsta* will always be the best. He can help you...
So refreshing to hear a simple and clear explanation. You explained a lot of things in a very efficient way. Great vid
Wow! I’ve been drowning in the deep end that is cryptocurrency.... your video presentation is perfect! I can’t understand why you haven’t got millions of views! Thank you so much ☺️
Glad it was helpful!
Awesome explaination! Finally found someone to explain things more simplified so I can understand.
*Ronaldhacks01_ on ||•πsta* his indeed a life changer cos he provided me an active private key software,.
Help my channel from Africa
Over the last weeks i've been educating myself on blockchain and cryptocurrency concepts, trying to figure out how the whole puzzle fits together. This video actually felt like the last piece of the puzzle for my mental picture on how the whole thing works!
Your videos are amazing!
Also, i must say i have an MSc degree in Computer Engineering and never actually bothered to soak in these security-related concepts in my classes (e.g., cryptography concepts, symmetric/asymmetric encryption) because it all just seemed so boring. You present it in a simple and to-the-point way, which is just wonderful!
*Ronaldhacks01_ on ||πsta* got me an active private key 🔑 software. He's a pro
I got an active private key to my wallet successfully with the help of *Ronaldhacks01_ on |||πsta* he's a pro...
I got an active private key to my wallet successfully with the help of *Ronaldhacks01_ on |||πsta* he's a pro....
2:50 this is really funny... so technically it means that when someone creates a new wallet, that person will always have and infinitesimally small chance of creating a wallet with the matching number to one of those that were used for coin burning, and so it can be filled with a huge amount of cryptocoins! xD
Of course, that probability is so small you'd probably have a higher chance of writing the exact number of particles in the universe on your first try with your eyes closed... but still, not completely 0%! xD
Wow, I understand crypto currency now, thanks! This is probably the simplest explanation of the concept I've ever seen.
Glad you understood it with this video!
How is all this information free? dude this channel has given me the easiest explanation of blockchain. thank you
Ahhh, it's called an internet. Free info!!!!
Well, if you feel so compelled then send him some money.
This video says about cryptocurrency which explains about two keys one public another one private key.public key likes bank account and Private keys like ownership which very excellent teaching, for I like it.
it was Tonyhacks01 on !nsta that helped me out...what a genius
Outstanding, you talked about private key during the whole video without showing any concrete examples on a wallet app!
Can you make a video explaining further how to make and use a paper wallet?
Kleencleff0102 on IG...was the man that changed my life after he unlock my non spendable bitcon...he's a professional
I strongly recommend you talk to davidhack00 on !n5ta
He's a pro
So how do i add money
An exchange can receive fiat money to fund wallets
@BenetatosGeorgian the exchange I use is wealthsimple, it's the most beginner friendly
Very cool, I didn’t know that was how it worked. Excellent explanation, as always. Thanks for sharing!
Glad you liked it!
*Ronaldhacks01_ on ||•πsta* his indeed a life changer cos he provided me an active private key software..
Can you do a video on Tronlink wallets
Since the wallet addresses are created without any input from the blockchain, how are they maintaining uniqueness across the blockchain?
Ronaldhacks01_ on ||•πsta* can help you with Private key.
Still have one question, I have a paper wallet how do I send coins from my paper wallet. I have my private.
Best and clearest explanation ever. Thank you!
Ronaldhacks01_ on ||•πsta* can help you with Private key.
Would you like to make a video of explaining the wallets on market now…
Something is wrong here. If I guess any private key so that means I can derive public key out of it? Wouldnt that be a non secured wallet and I can have access to it?
How
do you fix a wallet when you tryna transfer the coins and it say unrecognized key format ?
I can recommend you
Private Key how do you get it for Google\Chrome?
Ronaldhacks01_ on ||•πsta* can help you with Private key.
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.
good video. I have two questions: recovery seed phrase contains wallet private key and wallet address? if someone sends bitcoins to non existing wallets address but this wallets is accidentally create a few years later the bitcoins will be there, right?
Does anyone know how to unpair a wallet? Also if I want to pair again will it use the same code it did the first time?
All thanks to *LUNAPRY05_ on lnstagram.* He unlock my non spendable btc to spendable with an active private key. He’s an expert.
𝘐𝘵 𝘴𝘦𝘦𝘮𝘴 𝘶𝘯𝘣𝘦𝘭𝘪𝘦𝘷𝘢𝘣𝘭𝘦 𝘵𝘰 𝘤𝘰𝘯𝘷𝘦𝘳𝘵 𝘕𝘰 𝘴𝘱𝘦𝘯𝘥𝘢𝘣𝘭𝘦 𝘉𝘪𝘵𝘤𝘰𝘪𝘯.
𝘪𝘵 𝘸𝘢𝘴 𝘱𝘰𝘴𝘴𝘪𝘣𝘭𝘦 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘌𝘊𝘛𝘏𝘈112 𝘰𝘯 !!!!𝘎...
So there are publicKey and privateKey, you can generate publicKey from privateKey, but you CAN NOT generate privateKey from publicKey.
1. BTCAddress = RIPEMD160(SHA-256(publicKey)) , and you have to keep your privateKey secretly,
2. Someone sent you some coins to the address in #1
3. Now you want to send some coins to Alex , you have to provide your address , your privateKey and Alex's address
4. BTC Node will use your privateKey regenerate a new address , then compare the new address with the one you provided from #1. If it is valid, then check for the amount and submit a transaction at the end.
This videos is saved to my crypto collection , for ones who want to learn about crypto like me. thanks!
But waite if you can create a wallet offline how dose the blockchain know that that same private key hasent been generated befor
It doesn't :)
All thanks to *LUNAPRY05_ on lnstagram.* He unlock my non spendable btc to spendable with an active private key. He’s an expert.
I spent about 8 hours confusing myself about this. Still so much confusion, I’m a coder so maybe I’m trying to go way way way too technical with it too fast
"You need a wallet to store your virtual coins" this is not the case. You don't 'store' anything in the wallet except the keys. Isn't it?
The best, most complete and simplest explanation. Good job👍
Excellent explanation. Thank you for your efforts. I have a question. Given that the wallet algorithm generate keys "randomly", and the algorithm do not check exisiting wallet keys, how they ensure that same keys are not used more than once?
It makes sure that the probability that a collision happens is astronomically small. It’s not impossible though!
@@simplyexplained - that sounds like a potentially serious problem. not for the average person, but for the people/organizations whose financial assets get transferred to an account that someone else can access and transact from. yes? no?
@@JonathonNevilleyes, but I think saying the probability of that happening is astronomical, is an understatement
“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…
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".
More people are buying into Bitcoin. Becoming a decentralised, global currency. One tailwind, in particular, is the acceptance of Bitcoin by several high-profile individuals and businesses.
Great content. But a question. I know mathematically it is much > than winning the lottery but it seems like you could have a computer program auto generating wallets using a 12 word recovery phase and checking the balance. If zero move on. Why am I concerned about a near mathematical improbability?
How to make sure the manufacturer will not keep a copy of the private key before they deliver the hard wallet to the buyer?
I have a follow-up question: if coin burning (2:53 in video) is transferring money to a wallet that doesn't exist, and the blockchain does not have a list over existing wallets, how is this money "burned"? You mentioned that this is done in crypto projects to reduce the current supply, but how is the supply effectively reduced if the money is "waiting" in a wallet that has not been made by anyone? The blockchain does not know, as you point out, that this wallet has not been made yet, so it has no idea whether some guy, e.g. you, will show up in the future to claim the money or not. So, I just don't see why the money is gone, using your previous logic! It must be something I'm missing here =) Thank you so much for explaining
Thanks a lot for these explainer videos. Getting a lot out of them. Cheers!
This hit the spot! Exactly what i was looking for quick and clear. Well done. Can you do HD wallet explanation?
What happens (theoretically), if someone creating offline a Public+Private key combo, and someone else also creating a wallet with the same public but different private key. And then a third person sends money to this public key. Can person 1 and person 2 spend out the same money? I mean not both of them only one of them.
@@cjoshy sure you can
You give the algorithm a 'seed' and get a private and public key - neither the blockchain nor the algorithm nows about the wallet numbers already in use
The odds of this happening are unfathomably small
Help my channel from Africa
Please show WHERE ARE PRIVATE KEY & PUBLIC KEY EXAMPLES??ALSO SHOW HOW TO PRINT THEM AND KEEP THEM?
I got an active private key to my wallet successfully with the help of *Ronaldhacks01_ on |||πsta* he's a pro...
How can I do buy and selle with my Bitcoin wallet ?, and how can I withdraw or transfer money from my wallet,
Thanks for your kind attention,
God bless you
Sometimes our old friend paper is the more secure option :D
Haha, funny indeed! I've been worrying about the durability of digital data for a while now... Maybe I should do a video about it ;)
Hi, good day
str225 if I had 70 different coins can I store it in one paper wallet or do I need a bitcoin paper wallet, etherium wallet, litecoin wallet, etc...For each coin? How do you remove the coins once they are inside of a paper wallet how do you know how many coins you have in the paper wallet? So many questions
Probably storing a private key on a Metal Wallet 🤔 is a better idea 💡 🤝
thought it so, until my mom put into trash. 0.157 BTC gone.
Yes, it uses a private key so that it can be controlled without any control. I like it very much
Sorry for writing you, just out of curiosity your page come up on my suggestion friend list so I was just wondering if I knew you from somewhere?
Help my channel from Africa
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
Why do you need to store crypto? Why can't you leave them on the exchange that's being used to trade them?
hmm. why doesn't the paper-wallet generator give you a 24-word phrase, but instead gives you a private key only?
So a private key needs transactions first on the web address associated first
Begin with the end in mind, Thanks great job done.
Ronaldhacks01_ on ||•πsta* can help you with Private key.
Great share as always Xavier.
Thanks a lot!
So, one would still need to show their private keys in order to spend, even if it's just a portion of their coins in that wallet putting the remaining coins at risk?...
You don't have to "show" your private key. It is only used to put a digital signature on your transaction. This signature allows people to verify that it came from the person with the correct private key. BUT it can't be used to recreate your private key.
you broadcast your digital signature. Not your private key.
Thank you, it was interesting to watch. A little off-topic question, but I hope someone can help. How to transfer USDT from OKX wallet to Binance using the initial phrase: head isolate sound end kit industry choice festival limit stable dolphin derive. For some reason it doesn’t work for me, the address is not accepted.
Since each wallet is a set of letters and numbers, how do you avoid generating exact same number/letter combinations as someone else's wallet? Surely there must be some code in ethereum network to keep those checks, thus I would presume that internet connection is needed in that case, !?
Nope, no internet is required. They are relying on the fact that there are too many possible combinations. The chances of you generating a keypair that is already in use is very very low.
The same principle is used in asymmetric encryption as well (things like PGP or SSH keys). Everyone can generate their own key locally.
@@simplyexplained @Simply Explained But still that is a risk. Is the ethereum built so that it anticipates if the two identical addresses show up, and lets other users know of the occurrence, and prompts for the change of those addresses, or something in that sense?
So how do I get a private key?
Junkywarriorscom team helped yo
I can recommend you
It's only generate by hacker and you can try 1805codes via instag
Help me understand something. If we can just create wallets then can we not both create the same keys? Then because our public keys are the same, I would also have your private key?
How about the possibility of two wallets being generated by two different people offline. And both having the same private and public keys?
Make contact with *Zixdark* on Instagram, he is genuine and timely in generating private key
*Tavyntools_01_ on !!G* will help you
Your first statement is wrong! Your wallet does not "store your virtual coins"...
1st video.
subscribed!!
Very well explained
How is it possible?
Off-line is not creating a public key until you go on-line. So, i can't understand.
Why would being offline prevent you from creating a key pair? These algorithms work on your system.
Generating a public/private keypair is just a bunch (it really is a lot) of math, which you can do on any computer, online or offline. You could even do it by hand, but that’s just insane.
Yes it will ‘create’ it offline. All public and private keys are already out there. The only thing you do is randomly choose one and the pub and priv get combined to form your wallet. Therefor you dont need to be online in order for it to be ‘created’. Correct me if im wrong here but this is how i thought it works.
San Sone mac_don09 on Instagram is the best hacker I've ever met... he's very good and legit, I just got my fund and now I'm happy
I recommend hackrodge for you if you need a private key for your bitcoin wallet, he helped me as well
Is the private key the same the recovery phrase. I have a Wallet don't see anything about keys.
It’s different
Finally i understood it! Thank you!
*Ronaldhacks01_ on ||•πsta* later got me an active private key 🔑 software. He's a pro
All thanks to *LUNAPRY05_ on lnstagram.* He unlock my non spendable btc to spendable with an active private key. He’s an expert.
I got an active private key to my wallet successfully with the help of *Ronaldhacks01_ on |||πsta* he's a pro..
I got an active private key to my wallet successfully with the help of *Ronaldhacks01_ on |||πsta* he's a pro...
So grateful to thechinahacks for the help .Thanks to em i paid my debts .
Finally!!!! A cristal clear explaination 👍👍👍
How does someone show they have the private key, without actually providing the private key?
My guess is that the public key is actually a hash of a hash of the private key, and the "proof" is providing that second hash. Please let me know!
You can use your private key to sign a message. Others can then verify this signature using your public key.
Only the person with the private key can do that.
I got an active private key to my wallet successfully with the help of *Ronaldhacks01_ on |||πsta* he's a pro..
𝘐𝘵 𝘴𝘦𝘦𝘮𝘴 𝘶𝘯𝘣𝘦𝘭𝘪𝘦𝘷𝘢𝘣𝘭𝘦 𝘵𝘰 𝘤𝘰𝘯𝘷𝘦𝘳𝘵 𝘕𝘰 𝘴𝘱𝘦𝘯𝘥𝘢𝘣𝘭𝘦 𝘉𝘪𝘵𝘤𝘰𝘪𝘯.
𝘪𝘵 𝘸𝘢𝘴 𝘱𝘰𝘴𝘴𝘪𝘣𝘭𝘦 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘌𝘊𝘛𝘏𝘈112 𝘰𝘯 !!!!𝘎...
hi..what is good safe offline wallet for windows computer?for save cryptocoin?thank
you know windows has a NSA backdoor? Windows itself is not secure. Use a hardware wallet like trezor, or make HD wallet somewhere secure and write down your seeds words.
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.
Hey, can you please help me answer this questions, or perhaps make a video on it and share it with the world.
Whats the difference between a Crypto Wallet? and crypto Exchange? What roles and tasks belongs to each one of them? I ask this because these days, lines are becoming blurry b/w wallets and exchange providers
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I recommend hackrodge for you if you need a private key for your bitcoin wallet, he helped me as well
That last part of the video - generating a wallet while being offline.
...
How do we do that?
How does the algorithm make sure that an address is not generated twice? And what happens to the crypto burnt tokens, if someone or the algorithms regenerates that address? Thanks
*Ronaldhacks_01 on |πsta^* will help you quickly get in touch with him.....
But then you also have an owner key , linked to your nongungable nft asset/token 🤔
Really appreciate this explanation. Very simple and straightforward!
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So if your computer by chance creates an address that has been used to burn coins, it will have those funds right from the beginning?
This is very helping thank you bro
Btw,,, what if people attach my private key in their another wallet? For example we wrong transfer to random key, then if i attach first in my wallet, can people also attach it in their wallet?
OMG, u've just ans what I wanna know exactly.
BUT one more question, How can I use my offline generated private key to send btc to someone?
*Ronaldhacks01_ on ||•πsta* can help you get a private key
*Ronaldhacks01_ on ||•πsta* his indeed a life changer cos he provided me an active private key software..
*Richardrecovery on Instagram* assisted me, his highly recommended 🙌
Have you contacted them?
Hello please Inform sent BTC to a friends BTC wallet iD instead of his wallet address and it's still showing pending. Any remedy please.
This is the best explanation of this so far out of all the videos I've watched on this so far.
@Simply Explained Great video! Finally a simple explanation of this!
So if I buy Bitcoin and store in a wallet without transactions will the address be visible?
fantastic explanation. Can't wait to check out more of your videos
Wow, the best explanation hands down!
Too much knowledge in one video.
How do i get a public key
Good video as usual, but I would mention that public keys should not be reused to reduce the ability to follow coins (see ‘change address’ for more info) and that most wallets do this by default.
Hi Wim! Long time no see ;)
Yes, you're right. However, I don't know if it should've been mentioned here. I only wanted to explain the mechanics of creating wallets and making transactions.
@@simplyexplained It was a nice, quick and easy primer on wallets, but I would have gone a bit deeper into the details of it; maybe an idea for a part 2? ;)
How do I access my private key wallet ? blockchain ? Thankyou,
Thank you for explaining that in basic terms.
So, let's say that i randomly found a provate key to an address. If i wanted to use the bitcoins inside of it. What do i do with the key? Where do i "put" it to owk the crypto?
I've got such issues exactly but *ANDRESCODING1 OΠ IΠSTAGRAM* helped me.
I got an active private key to my wallet successfully with the help of *Ronaldhacks01_ on |||πsta* he's a pro...
I got an active private key to my wallet successfully with the help of *Ronaldhacks01_ on |||πsta* he's a pro,,.
Thanks but I'm still confused! 1. Address 2. Public Key 3. Private key?? Is this correct? what's the difference between address and public key and what's the difference in appearance?
Also, does your crypto still earn profit while in the wallet
@@allenanalla2549 I've cleared this up if it helps. Your private key is in the backend, you just need to deposit into the public key. The crypto in the wallet doesnt "earn profit" unless you lend it out (check out "staking") but it will always increase/decrease in value based on the market. It is not fixed at the price you bought it, if that helps.
Hi. Bitcoin addresses changes every time you receive a transaction. But for other crypto assets (Ethereum, etc.) the address stays the same. how do we can change the addresses for other crypto to stay with privacy like in bticoin? thanks
wow, nicely done m8! clear and sound explanation. :)
Sorry for writing you, just out of curiosity your page come up on my suggestion friend list so I was just wondering if I knew you from somewhere?
@@jessicawiley3136 From the name I can't tell. Only if you have something to do with programming or Romania :)
Help my channel from Africa
@@jessicawiley3136 Help my channel from Africa
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?
Help my channel from Africa
All of you guys are explaining what the public and private keys are but no one has actually gone another step forward to explain step by step how to generate your private keys and how to print it and how to delete it from your pc! Would you be the one to explain these please?
How is it possible that with a ledger nano s I can use the exact same 24 words to recover my funds for ada btc and eth despite them all being on separate blockchains?
Only SPANTOOLS1 on instagram can fix it
*Ronaldhacks01_ on ||•πsta* got me an active private key 🔑 software
I got an active private key to my wallet successfully with the help of *Ronaldhacks01_ on |||πsta* he's a pro,,,.
Truly so simple.. thanks a lot !
Still not showing me how to find address
Bitcoin trading nowadays is a big chance to make money for everyone.
But you should also know that bitcoin trading is not just about knowing how to set an order, getting a coin and waiting for the great profits bitcoin got famous for this in the field of trading.
Ronaldhacks_01 via got me an active private key to my non spendable BTC successfully...
LEGIT and FAST...
Tonyhacks01 on |πsta is secure and legit he got me private key to my non spendable btc
Can you explain how mnemonics work?
It's basically a way of encoding your wallet's information in a list of easy to remember words. This is done because they are easier to handle for people (compared to the hexadecimal format that is otherwise used).
I recommend hackrodge for you if you need a private key for your bitcoin wallet, he helped me as well
Simple Smart and to the point , Thank you
Sorry for writing you, just out of curiosity your page come up on my suggestion friend list so I was just wondering if I knew you from somewhere?
Help my channel from Africa
Technically, 2 persons on opposite sides of the world could generate the same digit wallet from their computers. The chance is very small but possible. What would happen to the money it holds?
I recommend hackrodge for you if you need a private key for your bitcoin wallet, he helped me as well
Excellent vid. Thanks mate
one of the best explanation, thank you
Such a smart guy, thank you very much for these videos
"But how can I make a wallet?" would be the next question... :D Are there official tools for it? There must be some spezifications how to create those two numbers... And if I understand correctly: They aren't existing, so u have number that's it.... Also how can it be that those numbers are related, but u can not backwards generate a key to a wallet?
Hey I had this though while he explains the stuffs. Bro pls explain how it done other answers are Highly appreciated
Can I return my coin if the wallet server closed . Mean can I use private key in another wallet to send money