Are bitcoins stored by a computer? How bitcoins are stored

Updated on technology 2024-03-21
4 answers
  1. Anonymous users2024-02-07

    1.Bitcoin file format.

    Bitcoins are stored in a program or client and are controlled by a private key.

    2.Bitcoin GB or MB or KB

    3.Whether each bitcoin is the same size.

    Yes. You can check the Bitcoin Chinese Wiki.

  2. Anonymous users2024-02-06

    To answer the landlord's question, whether bitcoins are stored by a computer, the answer is no.

    If you want to understand the answer to this question, you have to analyze it from the generation of bitcoin, first, bitcoin is made up of a string of **, which is protected by yourself through a private key (password). Second, Bitcoin has no size, and Bitcoin is a virtual digital currency after it is generated. The output of bitcoin is rewarded by the generation of blocks, and each blockchain is connected to form a blockchain.

    Bitcoin's original block was only a few kilobytes, and now the average size of each block is 1MB.

    And bitcoin can be stored on a computer, you can also store it on a mobile hard drive, and even you can write down your wallet address on a piece of paper (the so-called paper wallet), and the private key can be kept by yourself, paper wallets are also called cold wallets, which are very safe.

    Nowadays, many people trade bitcoin and store it on the exchange, for example, if I put the currency on the zb platform, it is very convenient for me to sell it at any time. However, your private wallet has the highest level of security.

  3. Anonymous users2024-02-05

    Bitcoin can be stored in any data storage medium, including mobile phones, USB flash drives, mobile hard drives, computers, etc.

    When trading Bitcoin, you only need to use the Bitcoin trading software to send the Bitcoin address. The Bitcoin software can automatically generate addresses and does not require an internet connection to generate them.

    Bitcoin addresses and private keys come in pairs, and their relationship is like a bank card number and password. A Bitcoin address is used to keep track of how many bitcoins you have on that address. You can generate a Bitcoin address to store your Bitcoins.

    When each Bitcoin address is generated, a corresponding private key is generated. This private key proves that you have ownership of the bitcoins on that address.

    After a Bitcoin transaction is made, the transaction data is packaged into a "block". At this point, the transaction is preliminarily confirmed. This block will link to other blocks.

    Bitcoin stores all transactions on the "blockchain". The blockchain continues to grow as transactions continue to take place. Once a new block is added to the blockchain, it will not be removed.

    A blockchain is actually a distributed database consisting of a group of decentralized end-user nodes that records the history of all Bitcoin transactions. This makes it difficult to tamper with Bitcoin's transaction records.

  4. Anonymous users2024-02-04

    The essence of bitcoin is electronic, the blockchain is only the way it is created, it is obtained by "mining coins" like **, and it can be paid directly without the financing guarantee of the department, and its value comes from its total number of constraints, and at the same time it overcomes the shortcomings of **, not lost, and can be paid electronically. Because it is a finite total number, although it is more convenient for payment, it is not for circulation, but for storage. Perhaps one day the United States will suddenly announce that Bitcoin will be used as a reserve currency to support the use value of the dollar, rather than to replace the dollar into an international currency.

    Bitcoin only has no full monetary value, because it is not a loan currency at all, but it has risen very effectively. The effective reason is that you can only use Bitcoin as a financial investment tool, not as a loan, just like ** or ****. It is very uncontrollable.

    It is difficult for most good friends to understand the significance of Bitcoin's value in the future at this stage. However, it has been seen that the monetization of digital products has become an inevitable historical development trend, and at this stage, central banks around the world are actively developing their own national credit virtual currency, <>

    Including the future data dollar, digital yuan, digital euro, and data element, all of which will gain all-round popularity in the next 10 or even 20 years. Bitcoin is just a financial derivative instrument, the control of the vast majority can be completely the main control of the disk, **the dealer can be based on the **disk long short comparison to operate, bearish people on the price to force short orders, short orders in the passive forced liquidation will pull up the price, if there is not enough bitcoin supply on the market at present, it will be higher, and then there are more short short positions to reduce the liquidation, has been a chain reaction.

    We all know that Bitcoin's off-the-books loan currency for the part of the tax payment has been completely changed. Without hegemonic interference, he will always exist. Naturally, its vigorous vitality is the high tax after the continuous expansion of the balance sheet.

    It is also another culprit in the collapse of the future currency sales market. Bitcoin's larger use is to create value and act as a magnet

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