Public key and private key
3 يناير 2022 2021-12-31 0:52Public key and private key
In managing bitcoin’s portfolio, what’s the role of the public key?
Cryptocurrency funds are locked using a public key cryptography system.
Public key is known for other as if any one want to send Bitcoin for someone, he should know his public key to
write it to send Bitcoin for him
Public key helps people transacting money together and only the owner of the private key can use the public key either
a public is a cryptographic code that is paired to a private key. while anyone can send transactions to the public key, you need the private key to unlock them and prove that you are the owner of the cryptocurrency received in the transaction. so the public key is used to facilitate transactions between parties, for example the public key is used to verify the digital signature which proves ownership of the private key.
The public key is publicly available and is used to address whoever wants to send you bitcoins and use it to encrypt the transaction
