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Tag Archives: Bitcoin address

How Bitcoin is being transferred?

How Bitcoin is transferred

A Bitcoin transaction is encrypted and digital. The transaction is signed by the sending/outgoing wallet. Then it is broadcast on the internet and listed on the Block Explorer log that keeps track of all bitcoin transactions. This log is divided into blocks. Once a block is locked (in average every …

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What is a Bitcoin HD Wallet?

What is a Bitcoin HD Wallet

HD is short for Hierarchical Deterministic. Usually, bitcoin wallets create a new bitcoin address from a unique random number. That process requires you to make a new separate backup each time you create a new address. HD hwallets however use a single bitcoin address for all transactions. HD wallets, like …

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