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I've been reading official BTC documentation and now I'm completely lost. Documentations is too tangled and written in unnecessary many words. They have:
https://en.bitcoin.it/wiki/Address
https://en.bitcoin.it/wiki/Accounts_explained (no, actually not explained)
https://en.bitcoin.it/wiki/Wallet
Please, somebody tell me the difference between them in a simple manner. What's an address, an account, a wallet, and how does the keys fit in.
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"Accounts" are a concept limited to bitcoin-qt, and it's probably better to forget about them entirely.
Each address has a corresponding private key, that you use to move bitcoin out of that address. A wallet is simply a collection of (address, address_key) pairs.
Some people also use the term "wallet" to refer to the software that implements the wallet functionality.
Obviously, this is a grossly simplified answer, and not strictly true, but useful if you just want to understand bitcoin superficially.
Can you elaborate why Accounts should be forgotten? It is a useful feature which allows to arrange funds into buckets. Only end-single-user wallets doesn't need that feature. – jangorecki – 2015-08-29T01:43:23.170
No, I did not, but thanks to you - now I do! – None – 2014-02-13T21:59:51.480