Public key and private key

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Solved1.99K views16 يناير 202206 E-commerce payment systems Digital Economy

الأستاذ الدكتور نبيل العربي 2.79K 3 يناير 2022 0 Comments

In managing bitcoin portfolio, what’s the role of the private key?

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الأستاذ الدكتور نبيل العربي Selected answer as best 16 يناير 2022

8 Answers

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score 1 · Answer 1 · 2022-01-03T20:05:36+00:00

Private keys play a fundamental role in securing the Bitcoin network. Private keys are nothing but a digital signature that prevents forgery in Bitcoin transactions

score 1 · Answer 2 · 2022-01-03T19:54:59+00:00

A private key known as a secret key it is a variable in cryptography that is used with an algorithm to encrypt and decrypt data. Private keys should only be shared with the key’s generator or parties authorized to decrypt the data

score 1 · Answer 3 · 2022-01-03T19:30:52+00:00

private keys are used to sign transactions and prove ownership of a blockchain address. a private key’s security makeup helps to protect a user from theft and unauthorized access of funds.