Bitcoin Wallet: Digital vault for Bitcoin which stores the keys to bitcoins that allow you to manage and access. A wallet is a keychain and the Bitcoin like scattered houses in the world. The keys on the keychain unlock those houses. There are two types of keys: Public and Private. Public key is the address to house which is shareable. Private key is the secret key that only you know to prove ownership and authorization.
How it works?
- Generate Keys when you create Bitcoin wallet with both public and private keys
- Receive Bitcoin by sharing your public key
- Sending Bitcoin by using your private key
- Back up your wallets for access recoverability
