Cryptography and Blockchain 101 - Step 1; Wallets

in bri •  9 months ago

Understanding the wallet in terms of holding value and removing value is the most important aspect to Blockchain.

Many of the initial users of Blockchain made large errors by not ensuring that they learned how a wallet and a blockchain address works.

The key thing to remember here is that an address is only to hold value or accumulate value, once the value is extracted it is very important to extract the entire amount of the address.

The management of addresses is assisted with a Crypto Wallet, which allows multiple addresses to be consolidated into one interface.

https://www.bitaddress.org/ - create an unique address
https://blockchain.info/ - view the value in the address
https://blockchain.info/wallet/#/ - create wallet to manage addresses

Index to related links in the series

  1. https://steemit.com/bri/@marcsoer/introduction-to-blockchain-for-the-layman

Steemit Channel - go here for all my other posts
https://steemit.com/@marcsoer

marcsoer@gmail.com

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!