Questions tagged [public key]

GinsengBoostPower Sat Aug 31 2024 | 6 answers 1138

Could you please elaborate on the concept of a public key in the realm of cryptocurrency? Specifically, how does it function within the system, and what role does it play in ensuring the security and privacy of transactions? Furthermore, how does it differ from a private key, and why is it crucial for users to safeguard both keys meticulously?

KimchiQueenCharmingKissWarmth Wed Aug 07 2024 | 6 answers 1097

Could you please explain the distinction between public key and private key cryptography in a clear and concise manner? I'm curious to understand how they differ in terms of their functions, applications, and security features. Specifically, how do they each contribute to ensuring the confidentiality, integrity, and authenticity of digital transactions?

Lorenzo Thu Jul 11 2024 | 5 answers 969

Could you elaborate on the process of verifying a cryptocurrency 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 | 6 answers 1020

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 cryptocurrency 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 | 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.