Still have one question, I have a paper wallet how do I send coins from my paper wallet. I have my private.
Outstanding, you talked about private key during the whole video without showing any concrete examples on a wallet app!
I like the way this guy explains crypto wallet, great information
What happens (theoretically), if someone creating offline a Public+Private key combo, and someone else also creating a wallet with the same public but different private key. And then a third person sends money to this public key. Can person 1 and person 2 spend out the same money? I mean not both of them only one of them.
So refreshing to hear a simple and clear explanation. You explained a lot of things in a very efficient way. Great vid
"You need a wallet to store your virtual coins" this is not the case. You don't 'store' anything in the wallet except the keys. Isn't it?
Finally, this is the video that I am looking for, to get general understanding of bitcoin in overall. So many bitcoin videos and no one explain clearly like this. Thank you.
This is the best explanation of this so far out of all the videos I've watched on this so far.
This videos is saved to my crypto collection , for ones who want to learn about crypto like me. thanks!
The best, most complete and simplest explanation. Good job👍
How is all this information free? dude this channel has given me the easiest explanation of blockchain. thank you
Wow, I understand crypto currency now, thanks! This is probably the simplest explanation of the concept I've ever seen.
Wow! I’ve been drowning in the deep end that is cryptocurrency.... your video presentation is perfect! I can’t understand why you haven’t got millions of views! Thank you so much ☺️
Awesome explaination! Finally found someone to explain things more simplified so I can understand.
I have a follow-up question: if coin burning (2:53 in video) is transferring money to a wallet that doesn't exist, and the blockchain does not have a list over existing wallets, how is this money "burned"? You mentioned that this is done in crypto projects to reduce the current supply, but how is the supply effectively reduced if the money is "waiting" in a wallet that has not been made by anyone? The blockchain does not know, as you point out, that this wallet has not been made yet, so it has no idea whether some guy, e.g. you, will show up in the future to claim the money or not. So, I just don't see why the money is gone, using your previous logic! It must be something I'm missing here =) Thank you so much for explaining
Very cool, I didn’t know that was how it worked. Excellent explanation, as always. Thanks for sharing!
Is the private key the same the recovery phrase. I have a Wallet don't see anything about keys.
When you deposit bitcoin in a wallet why does that address change after receiving bitcoin?
How is it possible? Off-line is not creating a public key until you go on-line. So, i can't understand.
@LHarris3000