i-Tube

How does crypto work?

Let us look at an example. 

Reddcoin is an altcoin and there are about 10 coins to 1 cent.

Now to interact with crypto you need a wallet. 

The coins are not stored in the wallet.

They are stored on the blockchain.

This is a public record. 

The following link shows that I have put 25 coins on the reddcoin blockchain

https://live.reddcoin.com/address/RdZSBRsyvS7MDQDbkVN5Hx39nREFU7rAEf

To receive coins you give your public address. 

To access your coins on the blockchain you need your private key. 

Keep this secret. 

To access coins on the blockchain sweep the Private key into your wallet. 

Don't import the Private key, you sweep it.

Otherwise someone could steal your coins. 

Here is the private key for the 25 reddcoins loaded on the blockchain. 

7N9bNz32pMAnonC9iyLKyUyYoQDUMRnMC6a8GTsxqmeaNYC68hP

And that is basically it.

Views: 27

Comment

You need to be a member of i-Tube to add comments!

Join i-Tube

Comment by MBD - Tha Last NetBender on November 7, 2020 at 10:13pm

Very cool

Comment by Crypto-guy on November 7, 2020 at 6:56am

@MBD - Tha Last NetBender

Crypto is interesting. 

I basically learned through watching YouTube videos

I'll post some more blogs on the subject.

I am happy to answer any questions, if I can

Comment by MBD - Tha Last NetBender on November 6, 2020 at 11:39pm

I'm interested.

"Like Us"

Latest Activity

Crypto-guy commented on Crypto-guy's video
Thumbnail

Shocking Footage Shows 'ISIS Jihadi Being Blown Up By Mortar

"أستدعي الكرة النارية السحرية ويا القرف Whhhhhoooooooooshhhhhh Wooooooooooo"
Jan 7
Crypto-guy posted a status
"Bitcoin at $33333.33 illuminati"
Jan 3
Crypto-guy commented on Crypto-guy's video
Thumbnail

Shocking Footage Shows 'ISIS Jihadi Being Blown Up By Mortar

"Wizard invokes the fireball ghost maker spell.  Abracadabra, make the fireball appear and oh…"
Jan 2
Crypto-guy posted a video

Shocking Footage Shows 'ISIS Jihadi Being Blown Up By Mortar

A terrorist was seemingly blown up when a mortar apparently landed on him while he was filming a suspected propaganda video.Follow us:YouTube: https://www.yo...
Jan 2
Crypto-guy posted a blog post

My take on xrp, Ripple, crypto

Here is what I think. First all the exchanges delist xrp. People panic because they can't…See More
Dec 31, 2020
Crypto-guy commented on Crypto-guy's video
Thumbnail

Charles Manson's Epic Question

"Funny you should ask.  I actually do feel like woobs wubs wobs gerfrenich.  Gerfrenich a…"
Dec 30, 2020
Crypto-guy posted videos
Dec 30, 2020
Crypto-guy commented on Crypto-guy's video
Thumbnail

A MESSAGE TO TERRORISTS FROM REP. JASON SPENCER

"Elected official Yep The lunatics have taken over the nuthouse Lol"
Dec 30, 2020
Crypto-guy commented on Crypto-guy's video
Thumbnail

"I'm Vengeance" | The Batman (2021) 4K

"Doosh doosh Doosh Doosh  I'm the cripple maker"
Dec 30, 2020
Crypto-guy posted a blog post
Dec 29, 2020
Crypto-guy posted a status
"Bitcoin goes above $25000"
Dec 26, 2020
Crypto-guy posted a blog post
Dec 26, 2020
MBD - Tha Last NetBender joined Crypto-guy's group
Thumbnail

Illuminati initiate

Learn the language of the illuminati and be enlightenedSee More
Dec 19, 2020
MBD - Tha Last NetBender promoted Crypto-guy's blog post Learn the language of the illuminati Lesson 1
Dec 18, 2020
MBD - Tha Last NetBender promoted Crypto-guy's blog post Bitcoin goes above $20000
Dec 18, 2020
MBD - Tha Last NetBender commented on Crypto-guy's blog post Bitcoin goes above $20000
"Bitcoin has the fluidity to rise, upwards, toward $400k, before it bottoms out."
Dec 18, 2020
MBD - Tha Last NetBender promoted Crypto-guy's video
Dec 18, 2020
MBD - Tha Last NetBender commented on Crypto-guy's video
Dec 18, 2020
MBD - Tha Last NetBender promoted Crypto-guy's video
Dec 18, 2020
MBD - Tha Last NetBender commented on Crypto-guy's blog post Site announcent
"Hi Cry-pto! You can feel free to explore the wonders that are hosted here to find out for…"
Dec 18, 2020
Home inspection

© 2021   Created by Pyramid Head.   Powered by

Badges  |  Report an Issue  |  Terms of Service