use your wallet to find unspent transactions and then use a public address of the received to send bitcoi
pairs of public and private keys are generated. Each wallet can have multiple pairs of keys. You can (should) use new pairs of keys for each new bitcoin transaction.
Loss of keys means loss of bitcoin!!
It should be called a keychain rather than a wallet. Why?
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Types of wallets
Types of wallets:
Online wallet: Held with an exchange
Software wallet: A client that stores wallets (and keys) on the user’s device
Hardware wallet: A specialized device that is used to store keys (offline)
Paper wallet: Keys are printed on paper with a QR code to read keys
Brain wallet: Memorize a series of words that can be turned into private key
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The slides are a courtesy of Dr. Nitin Kalé
Professor
Information Technology Program and
Epstein Department of Industrial and Systems Engineering
Viterbi School of Engineering
University of Southern California
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