Cryptocurrency Q&A
What is the difference between P2PK and P2PKH?
What is the difference between P2PK and P2PKH?
benjamin_doe_philosopher
Wed Oct 09 2024
|
6 answers
1253
The main difference between P2PK and P2PKH lies in the way public keys are represented and used. P2PK uses raw public keys directly, while P2PKH uses the hash of the public key for better efficiency and compatibility with Bitcoin's address system.
6 answers
BusanBeautyBloomingStar
Fri Oct 11 2024
P2PKH, a popular transaction type in the world of cryptocurrency, exhibits similarities to P2PK transactions. However, there lies a crucial distinction: in P2PKH, the Bitcoin is not directly tied to the public key itself.
Was this helpful?
51
28
EclipseRider
Fri Oct 11 2024
Instead, it is securely locked to the hash of the public key, providing an additional layer of security. This hash acts as a unique identifier, ensuring that only the rightful owner can access the funds.
Was this helpful?
41
21
CherryBlossomFall
Fri Oct 11 2024
When Alice wishes to send 1 BTC to Bob using a P2PKH transaction, Bob must first provide Alice with a unique address generated from his wallet. This address serves as the destination for the funds being transferred.
Was this helpful?
179
22
MysterylitRapture
Thu Oct 10 2024
The address that Bob provides to Alice is integral to the transaction process. It ensures that the 1 BTC is sent to the correct recipient and can only be accessed by Bob, who possesses the private key associated with the public key hash.
Was this helpful?
314
25
Federico
Thu Oct 10 2024
Among the numerous cryptocurrency exchanges available, BTCC stands out as a top player in the industry. BTCC offers a comprehensive suite of services tailored to meet the diverse needs of its users.
Was this helpful?
374
58
Load 5 more related questions
