Bitcoin Wallet

A software program that encrypts and stores a private key to Bitcoin’s Blockchain address. Technically, crypto coins are not stored anywhere. To move coins from one network address to another a user has to create and sign the transaction using his or her encrypted key.

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First released 2009 (Bitcoin)
Developed by Satoshi Nakamoto developer group

Interesting facts

  • There are at least 20 million network addresses (wallets) with more than $1 worth of BTC.
  • An IT developer from the UK named James Howells, lost 7,500 Bitcoins back in 2013. He threw away his hard drive containing the private keys of bitcoins which he had mined in 2010. Without the private key, the funds are lost forever and no one can use them.



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