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8 Articles

What is wallet

A Bitcoin wallet is a software program, hardware device, or web-based service that allows you to manage your Bitcoin transactions and holdings. Wallets store your private keys, which are cryptographic strings of data that grant you the ability to spend the Bitcoin associated with your wallet addresses. A wallet also enables you to receive, store, […]

What is a Hardware wallet?

A hardware wallet is a physical device designed to securely store the private keys associated with cryptocurrency holdings, such as Bitcoin. Hardware wallets offer a high level of security by keeping private keys offline and isolated from internet-connected devices, minimizing the risk of online attacks like hacking, malware, or keylogging. Hardware wallets typically connect to […]

What is a cold storage of bitcoin?

cold storage refers to a method of storing your Bitcoin in a way that is offline and not connected to the internet. It involves keeping the private keys associated with your Bitcoin securely offline, which provides a higher level of protection against hacking and online threats compared to keeping your Bitcoin in an online or […]

What is Bip-85?

BIP-85 (Bitcoin Improvement Proposal 85) is a standard that enables the deterministic derivation of independent Bitcoin wallets from a single master seed. It was proposed by Ethan Kosakovsky and is documented in BIP-85: Deterministic Entropy From BIP32 Keychains. The primary goal of BIP-85 is to allow users to securely generate and manage multiple independent wallets […]

What is a Bip-85 wallet?

A BIP-85 wallet refers to a wallet that implements the BIP-85 (Bitcoin Improvement Proposal 85) standard. This standard enables the deterministic derivation of independent Bitcoin wallets from a single master seed, allowing users to create and manage multiple wallets using one backup mnemonic seed. A wallet that supports BIP-85 allows you to generate separate entropy […]

What is Health Check?

In the context of Bitcoin, a health check typically refers to the process of assessing and verifying the security, functionality, and overall performance of your Bitcoin wallet, hardware, and software setup. Performing a health check can help you identify potential issues, protect your assets, and ensure smooth operation. Wallet backup and recovery: Verify that you […]

What is Auto Transfer?

In the context of a Bitcoin wallet, auto transfer refers to an automated feature that moves funds from one wallet address to another based on pre-defined rules or conditions. The main purpose of this feature is to automate specific tasks, such as transferring funds for security or privacy reasons, consolidating funds from multiple sources, or […]