Bitcoin core is a software where you download the entire Bitcoin software and you become a validator node of the network, the software downloads all the transactions in the history of Bitcoin and it takes up a lot of space in your HDD to tell the truth, but it has an option of wallet and you can receive bitcoin and send it between peers, it is one of the safest wallets, it was created by Satoshi Nakamoto himself, but this crypto wallet may be for slightly more advanced users, but it is really safe to store your bitcoins, the seed phrase is in a file called wallet.dat where to make a backup you will only have to copy this file and paste it into your new bitcoin core for example on another computer
Bitcoin core
- Thread starter riberet19
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Thanks for the explanation! Am still learning about cryptocurrency but it seems that there is many things I need to learn. Cryptocurrency and bitcoin is very diverse technology that they suppose to be teaching in school. Thanks for this teaching.
- Thread starter
- #3
Don't worry, we're here to learn together! I have this software on my computer, if you really have a portion of Bitcoin that you want to protect it is a software that you should take into account, since it is very safe.
It is pleasing to see that such a wallet does exist and knowing that it was created by the god father of Bitcoin himself in Satoshi Nagatomo is even more exciting and awesome. Getting to operate this kind of wallets as you said is basically for those who are more advanced in the crypto network and has a way that one can easily back up their keyphrase which is very important to all wallets.
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- #5
Yes, it is a slightly more advanced software, but it is not excessively difficult to use, if you have a pc and a portion of BTC that you want to keep in the long term and keep it safe, it is an option to take into account.
Bitcoin Core is a Bitcoin wallet desktop, it can also act as a full node, Users of this wallet can track transactions and can also export to other wallets. The downside of Bitcoin core wallet is that it can only store Bitcoins there is no place to store other crypto, it cannot be connected to a hardware wallet, after you download Bitcoin core wallet you need to wait for full sync for days before you can use it.
