
SLP290 NVK Bitcoin Security & Backups Primer
Stephan Livera Podcast
00:00
How to Initialize a Hardware Wallot
In bit coin, think of it like everybody who runs a bitcoin note is holding a ledger with all of the bit coine transactions that have occured. So really what this is is you are kind of storing your key, which allows you to unlock the coins you have and send them to another place on the addre. And so really, what we're doing with these hard rad wallots is where sto ring our private key. Then the hardbay wallot can also do what's called signing, a message to say, yes, i am the legitimate owner of these bit coins,.
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