I read about having multiple adresses for payments.
Does this mean I have to create a new wallet for every transaction I'm doing?
Wouldn't lead to end up with a hundret wallets after a few years?
Does this mean I have to create a new wallet for every transaction I'm doing?
Wouldn't lead to end up with a hundret wallets after a few years?
The understanding I got after reading those guides online is like this:
the addresses are public keys
the blockchain knows how much money every address owns
the wallet holds the public and privat keys
is this right?
Although a public keys can be re-created from the private key, so the wallet doesn't have to store that.
And the address is actually a hash of the public key, to make it shorter and more readable.