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location Home > News > Details

What is a bitcoin account? How to create bitcoin account?

2022-04-18 01:07

Bitcoin is known as digital gold. Many people believe that Bitcoin is likely to play an important role in the future currency. After ten years of development, the consensus is getting higher and higher. If we own a bitcoin, how can we put it in our bitcoin account?

What is a bitcoin account?

Bitcoin is a decentralized digital currency, which means that you do not have a bitcoin account with a third-party entity. Unlike opening a bank account, a bitcoin account does not require registration and can be randomly generated.

The basic principle of bitcoin account is key-public key-address, which you can roughly understand as "key-box-box number". The public key and address are equivalent to the bank card number for a bitcoin account and can be sent to anyone. After a series of digital signature operations, the public key of the bitcoin account will get the bitcoin wallet address that everyone often says.

For a bitcoin account, the private key is equivalent to the card number and password of a bank card, and needs to be kept properly. If it is lost, there is no way to retrieve it.

How to create bitcoin account?

As we have said above, there is no bitcoin account, this is just a relatively common saying. Strictly speaking, create bitcoin account should be called creating bitcoin's private and public keys.

There are many ways to create bitcoin account, such as client, command line, etc. The easiest and most convenient way is to create it in a dedicated Bitcoin wallet.

Download a bitcoin wallet, it will randomly generate a private key or mnemonic, and then you can have your bitcoin account. With the public key of the bitcoin wallet, you can directly receive bitcoin from others.

It should be noted that when choosing a wallet, you must choose a well-known and large-scale institution, otherwise the bitcoins in the wallet may be stolen.

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The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

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Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

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Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

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Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

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The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

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The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

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