Cryptocurrency Q&A
Who can send bitcoin to a public key?
Who can send bitcoin to a public key?
Margherita
Wed Jul 10 2024
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6 answers
1461
Could you elaborate on who has the capability to send Bitcoin to a public key? Is it solely the owner of a private key, associated with the target public key, or is there any other individual or entity that could potentially initiate such a transaction? Does the sender require any specific software or hardware to accomplish this? Additionally, are there any limitations or restrictions on who can send Bitcoin to a given public key, such as geographical or legal constraints? Clarifying these points would greatly assist in understanding the process of sending Bitcoin to a public key.
6 answers
Giulia
Fri Jul 12 2024
This signature authorizes access to and expenditure of the bitcoin associated with the public key.
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Giulia
Fri Jul 12 2024
To further illustrate this concept, let's draw a comparison between a public key and a P.O. Box.
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JejuSunshineSoulMate
Fri Jul 12 2024
Cryptocurrency transactions, particularly in Bitcoin, are safeguarded by the unique principle of private-public key cryptography.
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Sebastiano
Fri Jul 12 2024
Just as anyone can deposit mail into a P.O. Box, any user of the Bitcoin network can send bitcoin to a public key address.
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Eleonora
Fri Jul 12 2024
The private key, held exclusively by the individual, serves as the sole means to generate a valid digital signature.
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