Digital currency has appeared life-changing for investors, economies, and businesses. Bitcoin is the most real example of it. To store your virtual coins, a software program is being used, which is called Bitcoin Wallet. Just like you use Gmail to manage your emails. Now the question arises how do Bitcoin Wallets work?
We are going to talk about bitcoins wallets. Just like any bank account, this wallet also has a unique address. To run your bitcoin wallet, you need two keys, Public and Private. The public key will act like your wallet's address, and the Private Key will prove your ownership. A private key will let you spend your money. It works like a password to your bitcoin wallet. You can drive your public key from a private key but cannot generate a private key from a public key.
How many types of wallets available?
Let's discuss the availability of different bitcoin wallets.
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