4 ms·
You can use just one. Some like to play it safe, though, and keep an "active wallet", where they have a small portion of their money (especially if they have a
by salient 13y ago
You can use just one. Some like to play it safe, though, and keep an "active wallet", where they have a small portion of their money (especially if they have a lot of Bitcoins), and they keep the rest backed-up (and encrypted) and somewhere safe, locally, to protect themselves against hacks.
- k__ 13y agoIs the wallet just a local concept? The understanding I got after reading those guides online is like this: the addresses are public keys the blockchain knows how much money every address owns the wallet holds the public and privat keys is this right?
- javert 13y agoPrecisely. Although a public keys can be re-created from the private key, so the wallet doesn't have to store that. And the address is actually a hash of the public key, to make it shorter and more readable.