local wallet has to be running on my desktop to receive payment?

Thopdpe

newbie

Activity: 8

Merit: 0

Quote from: mightcoin on December 14, 2013, 04:39:39 PM

Quote from: AmDD on December 14, 2013, 04:35:26 PM

Quote from: mightcoin on December 14, 2013, 04:32:15 PM

does my wallet have to be online at the exact moment of payment to receive it?

No. Actually the payment never gets sent to the wallet, the wallet just gives you access to the coins on the network.

If the payment never gets sent to the my local wallet, does the amount leave the sender's wallet?

Or, does the network "remember" the payment, and the next time my local wallet is connected, the money is downloaded to my wallet?

The bitcoin is never sent "to your wallet".

When someone creates a tx which sends bitcoin to your addresses, the tx is broadcasted to the network, and later included in a block.
Your wallet contains private keys which enable you to spend the bitcoin on those addresses.

some1

sr. member

Activity: 364

Merit: 250

667 one more than the devil

Bitcoins never go from one wallet to another.
They are in the network and here remain.

Your wallet is just a way to say: those are mine.

torry28

legendary

Activity: 1680

Merit: 1001

Quote from: mightcoin on December 14, 2013, 04:39:39 PM

Quote from: AmDD on December 14, 2013, 04:35:26 PM

Quote from: mightcoin on December 14, 2013, 04:32:15 PM

does my wallet have to be online at the exact moment of payment to receive it?

No. Actually the payment never gets sent to the wallet, the wallet just gives you access to the coins on the network.

If the payment never gets sent to the my local wallet, does the amount leave the sender's wallet?

Or, does the network "remember" the payment, and the next time my local wallet is connected, the money is downloaded to my wallet?

The info what address send Bitcoin to another Bitcoin address is publicly available, it is blockchain

You dont need download anything, you may check blockchain.info address ballance for example

gweedo

legendary

Activity: 1498

Merit: 1000

Quote from: mightcoin on December 14, 2013, 04:39:39 PM

Quote from: AmDD on December 14, 2013, 04:35:26 PM

Quote from: mightcoin on December 14, 2013, 04:32:15 PM

does my wallet have to be online at the exact moment of payment to receive it?

No. Actually the payment never gets sent to the wallet, the wallet just gives you access to the coins on the network.

If the payment never gets sent to the my local wallet, does the amount leave the sender's wallet?

Or, does the network "remember" the payment, and the next time my local wallet is connected, the money is downloaded to my wallet?

Bitcoin is a p2p network, so when someone sends a payment, they are just basically announcing to the blockchain and the miners they want to take this address and move the coins to this other address. And the miners do that for you. Then the blockchain is updated. No coins are stored in your wallet, only private keys that allow that transaction to happen, not the connection of the wallets.

torry28

legendary

Activity: 1680

Merit: 1001

Quote from: AmDD on December 14, 2013, 04:35:26 PM

Quote from: mightcoin on December 14, 2013, 04:32:15 PM

does my wallet have to be online at the exact moment of payment to receive it?

No. Actually the payment never gets sent to the wallet, the wallet just gives you access to the coins on the network.

The wallet informs you when you receive the coins though, but this info is available for everyone. It is public blockchain afterall

mightcoin

member

Activity: 103

Merit: 10

Quote from: AmDD on December 14, 2013, 04:35:26 PM

Quote from: mightcoin on December 14, 2013, 04:32:15 PM

does my wallet have to be online at the exact moment of payment to receive it?

No. Actually the payment never gets sent to the wallet, the wallet just gives you access to the coins on the network.

If the payment never gets sent to the my local wallet, does the amount leave the sender's wallet?

Or, does the network "remember" the payment, and the next time my local wallet is connected, the money is downloaded to my wallet?

AmDD

legendary

Activity: 1027

Merit: 1005

Quote from: mightcoin on December 14, 2013, 04:32:15 PM

does my wallet have to be online at the exact moment of payment to receive it?

No. Actually the payment never gets sent to the wallet, the wallet just gives you access to the coins on the network.

some1

sr. member

Activity: 364

Merit: 250

667 one more than the devil

Quote from: mightcoin on December 14, 2013, 04:32:15 PM

does my wallet have to be online at the exact moment of payment to receive it?

absolutely not

mightcoin

member

Activity: 103

Merit: 10

does my wallet have to be running on my computer at the exact moment of payment to receive it?

Edited for clear wording

Topic: local wallet has to be running on my desktop to receive payment? (Read 542 times)