Bitcoin Wallets Quiz
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Bitcoin Wallets Quiz

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@EndorsedSheep

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Questions and Answers

What type of wallets contain randomly generated private keys?

  • Non-deterministic wallets (correct)
  • Paper wallets
  • Hardware wallets
  • Deterministic wallets

    • How are keys derived in deterministic wallets?

  • By using mnemonic code words
  • By generating random keys
  • Via hash functions from a seed value (correct)
  • By encrypting public keys

    • What is the purpose of mnemonic code words in deterministic wallets?

  • To generate random keys
  • To authenticate transactions
  • To represent the seed value (correct)
  • To encrypt private keys

    • What is the bitcoin core client's approach to key generation?

    <p>Generates keys as and when required</p> Signup and view all the answers

    Why is managing a large number of keys in non-deterministic wallets difficult?

    <p>It can lead to theft and loss of coins</p> Signup and view all the answers

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