Post
Topic
Board Serious discussion
Merits 7 from 1 user
Re: PAPER WALLETS address and private key are created or were they already created?
by
TryNinja
on 16/08/2018, 21:50:15 UTC
⭐ Merited by suchmoon (7)
ELI5: You don't need any internet connection because Bitcoin addresses/private-keys aren't stored anywhere (e.g: a server). The website is only using several cryptographic functions to generate a random private key (and public key) for you.

You should definitely read more before making Youtube videos.

https://en.wikipedia.org/wiki/Public-key_cryptography
https://en.bitcoin.it/wiki/Private_key
https://medium.com/@hlopez_/how-are-public-and-private-keys-created-in-bitcoin-f90b2b88f40a



And if they are accounts created previously or not, another question is how do I know that nobody is going to receive my same private key due to coincidences of life? or that I receive the private key of some other person?
You don't know. It's possible but extremely unlikely. The chances of an address collision between 1 billion users at 10 addresses each are approximately 0.000000000000000000000000000000000000684%; [source]