Topic: Paper wallets and airdrops (Read 416 times)
In my understanding Air Drop is a shared Altcoins. if you have a hold of their Atlcoins partner. And you will automatically receive Altcoins by 1 to 1.
In bitcoins, The air drop is BCC (Bitcoins Cash) You can also automatically BCC accept your bitcoins in paper wallets or even third party wallets. As long as they support the BCC.
I have a few questions about paper wallets. Firstly why do you have to transfer all your Bitcoin out of a paper wallet or risk losing the *change" I don't understand that.
When you generate a well secure paper wallet, your private keys haven't toucher anything connected to the internet. This means that your coins are 100% isolated from anywhere that may be infected with malwares. That's why a paper wallet is a good option for long term storages.When you want to "cash out" the coins from your paper wallet, you will normally import your private key in a device with internet access. Now the private key isn't isolated anymore, so there is always a risk of having your paper wallet data stolen by someone. That's why people always tend to generate a one-use paper wallet, that is disposable after its use.
Next is the real reason for posting this and that is do I get airdrops such as BCC if my coins are in a paper wallet ?
BCC wasn't an airdrop. It was a fork from the Bitcoin network.Imagine that you send 1 BTC to your paper wallet. The blockchain has this transaction recorded as X sent 1 BTC to Y wallet. This means that for every one in the network, this specific address Y contains 1 BTC.
When the Bitcoin Cash chain was created, it took the same blockchain from Bitcoin and continued as a different coin in a different path. Since your 1 BTC where registered in this specific address, and Bitcoin Cash started using the same Blockchain as the legacy Bitcoin, you have the same amount on both sides of the chain.
When you created your account address through blockchain and you want to deposit some bitcoin they will transfer in your account and nobody will know how much they transfer to your account except you and blockchain.
I have a few questions about paper wallets. Firstly why do you have to transfer all your Bitcoin out of a paper wallet or risk losing the *change" I don't understand that.
When you generate a well secure paper wallet, your private keys haven't toucher anything connected to the internet. This means that your coins are 100% isolated from anywhere that may be infected with malwares. That's why a paper wallet is a good option for long term storages.When you want to "cash out" the coins from your paper wallet, you will normally import your private key in a device with internet access. Now the private key isn't isolated anymore, so there is always a risk of having your paper wallet data stolen by someone. That's why people always tend to generate a one-use paper wallet, that is disposable after its use.
Next is the real reason for posting this and that is do I get airdrops such as BCC if my coins are in a paper wallet ?
BCC wasn't an airdrop. It was a fork from the Bitcoin network.Imagine that you send 1 BTC to your paper wallet. The blockchain has this transaction recorded as X sent 1 BTC to Y wallet. This means that for every one in the network, this specific address Y contains 1 BTC.
When the Bitcoin Cash chain was created, it took the same blockchain from Bitcoin and continued as a different coin in a different path. Since your 1 BTC where registered in this specific address, and Bitcoin Cash started using the same Blockchain as the legacy Bitcoin, you have the same amount on both sides of the chain.
Oh ok. Thank you very much.
I have a few questions about paper wallets. Firstly why do you have to transfer all your Bitcoin out of a paper wallet or risk losing the *change" I don't understand that.
When you generate a well secure paper wallet, your private keys haven't toucher anything connected to the internet. This means that your coins are 100% isolated from anywhere that may be infected with malwares. That's why a paper wallet is a good option for long term storages.When you want to "cash out" the coins from your paper wallet, you will normally import your private key in a device with internet access. Now the private key isn't isolated anymore, so there is always a risk of having your paper wallet data stolen by someone. That's why people always tend to generate a one-use paper wallet, that is disposable after its use.
Next is the real reason for posting this and that is do I get airdrops such as BCC if my coins are in a paper wallet ?
BCC wasn't an airdrop. It was a fork from the Bitcoin network.Imagine that you send 1 BTC to your paper wallet. The blockchain has this transaction recorded as X sent 1 BTC to Y wallet. This means that for every one in the network, this specific address Y contains 1 BTC.
When the Bitcoin Cash chain was created, it took the same blockchain from Bitcoin and continued as a different coin in a different path. Since your 1 BTC where registered in this specific address, and Bitcoin Cash started using the same Blockchain as the legacy Bitcoin, you have the same amount on both sides of the chain.
I have a few questions about paper wallets. Firstly why do you have to transfer all your Bitcoin out of a paper wallet or risk losing the *change" I don't understand that.
Next is the real reason for posting this and that is do I get airdrops such as BCC if my coins are in a paper wallet ?
Next is the real reason for posting this and that is do I get airdrops such as BCC if my coins are in a paper wallet ?
BCC is not an airdrop dude. It's a user activated soft fork, which means they won't be giving out more BCC anymore. That happened only once. For the question, you don't have to transfer your bitcoins, you need to sign an address as far as I know. Otherwise, nobody would do that.
I have a few questions about paper wallets. Firstly why do you have to transfer all your Bitcoin out of a paper wallet or risk losing the *change" I don't understand that.
Next is the real reason for posting this and that is do I get airdrops such as BCC if my coins are in a paper wallet ?
Next is the real reason for posting this and that is do I get airdrops such as BCC if my coins are in a paper wallet ?
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