How To Backup Bitcoin Core Wallet | Bitcoin Core Wallet Tutorial | BTC
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How To Backup Bitcoin Core Wallet. Always encrypt your wallet with a strong password - This method is used by Bitcoin Core (and few others) and comprises of backing up a wallet.dat file. It's a file that holds keys to spend outputs, addresses, transaction information, and other metadata such as contacts. Store backups in multiple locations (CD, USB drive, paper, encrypted cloud etc) Encrypt online backups with tools such as GnuPG or VeraCrypt. Backup regularly when backing up a data file (such as wallet. dat)
Bitcoin is a new technology that functions as a digital currency. It is a peer-based, decentralized way to hold, store, send, and receive value. It does this by maintaining a cryptographic “ledger” called the Blockchain. All of the bitcoins in existence are created and stored on the Blockchain. Bitcoin with a capital “B” refers to the technology itself. Bitcoin spelled with a little “b” refers to the tokens that hold the value and can be exchanged with others. Multiple copies of the Blockchain exist on thousands if not millions of computers worldwide. Each copy of the Blockchain “verifies” itself by connecting to the Internet and making sure it has the most up-to-date list of transactions.
👓 Command Lines (Core Wallets):
dumpprivkey [youraddress]
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