Lorenzo
Thu Jul 11 2024
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5 answers
969
How to verify a crypto transaction with a public key?
Could you elaborate on the process of verifying a <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> transaction using a public key? I'm particularly interested in understanding the key steps involved in this verification process. Does it involve decrypting the transaction data using the public key? Or does it involve some other cryptographic techniques? Additionally, how do we ensure the authenticity of the public key used for verification? Is there a way to validate the public key's origin and authenticity before performing the verification? Clarifying these points would greatly enhance my understanding of the crypto transaction verification process.
CryptoEagle
Thu Jul 11 2024
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6 answers
1020
What is the difference between a bitcoin address and a public key?
Could you elaborate on the distinction between a bitcoin address and a public key? As I understand, both seem to play a crucial role in <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> transactions, yet I'm unclear on the specific differences. Does a bitcoin address simply represent a visual representation of a public key, or does it serve an entirely different purpose? I'm also curious to know if there are any security implications associated with using either a bitcoin address or a public key. Clarifying these points would greatly assist me in understanding the nuances of cryptocurrency transactions.
Margherita
Wed Jul 10 2024
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6 answers
1461
Who can send bitcoin to a public key?
Could you elaborate on who has the capability to send <a href="https://www.btcc.com/en-US/academy/research-analysis/bitcoin-btc-price-prediction-2023-2025-2030-is-btc-a-good-investment" title="Bitcoin">Bitcoin</a> 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.
Michele
Mon Jul 08 2024
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6 answers
1078
What is the difference between a public key and a crypto address?
Excuse me, could you please elaborate on the distinction between a public key and a <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> address? As I understand, both are crucial components in digital transactions and security, but I'm having difficulty grasping the fundamental difference. Does a public key serve as the foundation for generating a crypto address, or are they two separate yet interconnected entities? How does the usage of each differ in the context of digital currency transactions? Clarifying this distinction would greatly assist me in understanding the intricacies of cryptocurrency transactions.
KpopHarmonySoul
Sat Jul 06 2024
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5 answers
892
What type of public key is used in Bitcoin?
Could you elaborate on the specific type of public key utilized in the <a href="https://www.btcc.com/en-US/academy/research-analysis/bitcoin-btc-price-prediction-2023-2025-2030-is-btc-a-good-investment" title="Bitcoin">Bitcoin</a> network? I'm curious about the cryptographic underpinnings that enable secure transactions on this decentralized ledger. Understanding the technical details behind the public key system in Bitcoin is crucial for appreciating its security and scalability. Could you explain the cryptographic algorithm, key generation process, and how the public key is incorporated into Bitcoin addresses to ensure the authenticity and integrity of transactions? Additionally, how does this public key system contribute to the overall security of the Bitcoin network?
