Cryptocurrency TutorialWhat is cryptocurrency? List of Hot cryptocurrencies and tokens Bitcoin history Ethereum history Blockchain basics Bitcoin exchanges How wallet works creating bitcoin wallets online Bitcoin wallets ERC20 Ethereum wallets Ripple wallets MyEtherWallet (MEW) How to create a new wallet on MyEtherWallet bitcoin transaction details ethereum transaction details Solidity and Geth Creating new cryptocurrency using Ethereum platform Bitcoin Pool mining Bitcoin mining hardware Bitcoin mining software Setting up GUI miner for mining with slushpool Best performing coins and tokens Best cryptocurrencies and tokens for investment Best blockchain startups for investment Blockchain startups backed by big companies like Google Microsoft Blockchain Venture capital funds Introduction Bitcoin hacks Important links and resources
How wallets work in cryptocurrenciesYou can create multiple accounts in a wallet. Each wallet account has 2 keys.
- Private Key – You need to protect this key. Thisi s a 256 bit binary number. There is theoterical possiblity of 2 people generating same private key. It is called as address collision. But it is extremely unlikely because it is a very huge number.
- Public Key – Public key is derived from private key using hashing algorithm. You can create public address using public key. You can share public address with other people. Public address is 160 bit binary number.
Google java library already exists that can be used by developers to create new wallet applications. https://bitcoinj.github.io/working-with-the-wallet
Web development and Automation testing