Virtual Currency Forex,Blockchain,Smart Contract

Address – Send Receive

BitCoin Keyword – Address Send Receive

Receive address of BitCoin is like “account number” in real bank.

It will be displayed in a string or QR code, such as ’16UwLL9Risc3QfPqBUvKofHmB0000000′.

So called purse (wallet) is a collection of addresses, you can go free to add an address in the wallet. When you send money to the other party, you will be sending a BitCoin to this address.

It should be noted that, at the time of the transaction of BitCoin, in order to address and its transaction information is sent to the whole world,
At the point of view of privacy protection, it is recommended to change the address for each transaction.

At that time private Key is like a password that will be used at the time of remittance.

One of the address, there is a corresponding single secret key (except for the multi-signature address).

Because it may be pulled out without permission and stolen the secret key,
you strictly need to kept in the local environment if possible.

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