Hi guys,
I'm still learning about bitcoin, and i understand mostly how it works. What I'm struggling with is, how do the 24 number of randomly generated words match against the 256bit private key? And where is a list of private keys and the amounts in those wallets are stored for if you want to recover your wallet?
Hope that makes sense!
I'm still learning about bitcoin, and i understand mostly how it works. What I'm struggling with is, how do the 24 number of randomly generated words match against the 256bit private key? And where is a list of private keys and the amounts in those wallets are stored for if you want to recover your wallet?
Hope that makes sense!
The way bitcoin is now, it has been designed to accommodate every level of knowledge whether a rookie or a techy. For someone like you who wants to understand the behind the scenes configuration and how the numbers are generated, then you will have to do more in the areas of research and reading but I doubt if you will understand if you are not someone who has been technologically sound before because even the white paper that is written in basic English, a lot of people still find it difficult to understand.
For someone like me, I believe one day the answers will come knocking and I didn't even use a desktop wallet until after about 6 months since I joined the community. Trying to understand everything at once might lead to information overload.
.