In the field of digital currency, Bitcoin has always been a high-profile pioneer, but as technology continues to evolve, people are beginning to explore more efficient solutions. Is there a client similar to Bitcoin core, but with a compressed blockchain? This question triggered in-depth thinking on the future development direction of digital currency. This article will discuss this issue and explore the innovation and impact that compressed blockchain technology may bring to Bitcoin and the entire digital currency market.

Is there a client similar to Bitcoin core, but the blockchain is compressed? There are clients similar to Bitcoin core, but the blockchain is compressed.

Blockchain is a concept that must be understood by Bitcoin players. What is blockchain? To put it bluntly, it is a huge database that stores important information. It is an important and indispensable means of preventing counterfeiting of Bitcoin. It stores important information such as transaction information. For such a cutting-edge technology as blockchain, it is recommended that you first watch the video to understand its principles, and then enter the corresponding class for in-depth study, so that you can gain something and become a qualified player.

Today I will teach you how to use Bitcoin
Core (Bitcoin core wallet) and Testnet (Bitcoin test network) conduct a Bitcoin transfer transaction to understand the virtual currency transaction process through actual operations. Testnet is the Bitcoin test chain, also known as the Bitcoin test network. Bitcoin has two chains: the main chain and the test chain. The Bitcoin we often refer to generally refers to the Bitcoins on the main chain, with a total amount of 21 million. The Bitcoins on the test chain are unlimited and are for testing purposes only. Next, we will use this Bitcoin only for testing to play Bitcoin transactions.

When starting the wallet for the first time, you need to synchronize the historical data of Bitcoin. Because Bitcoin is a distributed ledger shared by everyone, that is, everyone’s ledger must be the same, so if you want to join this network, the data in your wallet, that is, your ledger must be the same as everyone else’s, so you need to first put the historical data Sync it down. Be careful not to start and synchronize the data of the main chain wallet here. The data of the main chain wallet will take at least several days to be synchronized.

After data synchronization is completed, the wallet can operate normally. At this time, please set a password immediately and set a good password. The password should contain more than 10 digits, and do not use passwords such as birthday, name, ID number, etc. that are easy to guess.