Description: Arts & Entertainment
It is a digital wallet to store, send and receive bitcoin. Instead of storing your money as a real world wallet does, it saves your public and private keys which in turn helps you send and receive money.
Take a vending machine as an example, anyone can put their money inside the machine, but they can’t take out the money because they don’t have the key. The only person who can take out the money is the owner of the machine who has the key. The vending machine is the public address which anyone uses to send money to you. You are the machine owner, and the key that he is carrying is your private key. Using this private key only you can access your money and do what you please with it.The public key is the add
In November 2008, Satoshi Nakamoto published a 8-page white paper explaining the new electronic cash system “based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.”. This is how bitcoin was created. Satoshi himself disappeared off the grid in 2011. The identity of Satoshi Nakamoto was in question from the very beginning. Speculation is that he took one million bitcoins with him when he disappeared.