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RE: Bitcoin running out of addresses? Programmer explains.

in #bitcoin7 years ago

Much appreciated, however btw, in cool stockpiling, how does a blockchain can know your private key if just the general population key has been synchronized?? So in frosty capacity how might you be 100% certain your arbitrarily disconnected produced private key is legitimate if it's never been in the blockchain?? much appreciated, this confounds me now and again about frosty wallets.

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The blockchain doesn't know anything. When you execute a transaction on a blockchain what you are actually doing is adding a record to the ledger. In order for a record to be valid it has to meet certain criteria. One criteria is that the addresses involved meet a standard that the software recognizes.

As long as the addresses used adhere to that standard they can be used to generate records in the ledger.