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The web wallets are those wallets which can be accessed from any device that has internet and web browser. Some of the examples of web wallet are Coinbase (www.coinbase.com), BitGo (www.Bitgo.com), Blockchain (www.blockchain.com/wallet), BTC (www.wallet.btc.com), etc. Hardware wallet: Hardware wallets are similar to external hard drive. Hardware wallets are physical wallets which can be plugged into the computer to store Bitcoin. It is the most secure wallet compared to software wallet since the hardware wallet has very less exposure to the computer and internet making them challenging to hack to breach the data. Some of the examples of hardware wallets are Bitbox, Ledger Nano S, Trezor, etc. Private and Public Keys: The Bitcoin Protocol relies on public key cryptography. The Bitcoin owner has two keys, public key, and private key. A rough analogy is username for public key and a password for a private key. Similarly, a hash of a public key is the address of Bitcoin, and there is always a private key associated with that public key. The private keys are used to create the signature and public key to verify it [9]. In the Bitcoin system, if anyone wants to make a transaction then, each owner transfers the Bitcoin to another by digitally signing a hash of previous transaction and the public key of the next owner. It uses ECDSA (Elliptic Curve Digital Signature Algorithm), which relies mainly on mathematics [10]. 10PDF Image | Analysis of Bitcoin Cryptocurrency and Its Mining Techniques
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