How do Bitcoin accounts (not wallets) work?

Ticker

1 BTC = $28608.16 USD  (via Coinbase)
1 ETH = $1802.58 USD  (via Coinbase)
1 LTC = $89.91 USD  (via Coinbase)
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A bitcoin wallet has accounts in it. It seems really easy to transfer bitcoins between accounts without fees, and without having to wait for confirmations. What are these accounts in terms of the public/private keys etc. How do these coins move between these addresses so easily? Why don't these transactions touch the network, or do they? Can someone please explain all of this in further depth. Thank you.

submitted by /u/thesilentwitness
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Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $28608.16 USD  (via Coinbase)
1 ETH = $1802.58 USD  (via Coinbase)
1 LTC = $89.91 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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