Bitcoin wallet is the first thing to install on your computer when mining btc in 2018. It is impossible to mine bitcoins without a storage location, since the btc wallet works as part of the bitcoin blockchain.
What is a Bitcoin wallet and how it works. Unfortunately, few people know this. You need to figure out how to store cryptocurrency and what a bitcoin wallet is for.
Types of Bitcoin wallet keys
A bitcoin wallet is a computer program that stores all the records of transactions on the bitcoin network. It receives data about transactions throughout the system and is stored in the public domain. That is, any Bitcoin user can see to which addresses, in what quantity and when btc was moved.
A Bitcoin wallet has a number of keys that are needed for it to work.
Private key. This is a randomly generated 256-bit number that serves as the wallet's personal identity on the network. It is a sequence of 16 numbers and symbols: E9873D79C6D87DC0FB6A5778633389F4453213303DA61F20BD67FC233AA33262;
Public key. It is generated from the private key of the wallet by solving a special cryptographic formula (elliptic equation). The key is 512 bits in size and is also written as a sequence of 32 characters: 0499B4B0FB28848277DCF15C5EB78B80D9E560D55770EA897CFBEC7E85B8B62C8F8685F4211DF935A5FA20664A7F596358ED25D74FB6F5E53B3B3F596358ED25D74FB6F5EF53B3 The public key always starts with byte "04";
Address. It is created from a public key by hashing (converting an array of data into a string of characters of a certain length) - this is exactly the code that a user of the Bitcoin network sees on the screen. Usually these are 27-34 numbers and letters of the Latin alphabet: 14qViLJfdGaP4EeHnDyJbEGQysnCpwn1gZ. The address is generated only if there is a private key - the reverse sequence is impossible to guess.
Thus, the anonymity of the bitcoin wallet is achieved. It is impossible to hack it, unless the owner himself has provided all the data to the attackers with his own hand.