What is a Bitcoin Public & Private Key
0 (0 Likes / 0 Dislikes)
-
Embed Video
- Embed normal player Copy to Clipboard
- Embed a smaller player Copy to Clipboard
- Advanced Embedding Options
-
Embed Video With Transcription
- Embed with transcription beside video Copy to Clipboard
- Embed with transcription below video Copy to Clipboard
-
Embed transcript
-
Embed transcript in:
Copy to Clipboard - Invite a user to Dotsub
What is a public and private key?
A Bitcoin wallet is beyond just an address.
every Bitcoin address
will be assigned both private and public key.
A public key is used to send bitcoins to your
Bitcoin address, verify your signature and the
transaction, ensuring everything is in order,
and authenticate, and finalize the transaction
On the other hand, a private key is a secret number that allows individuals to unlock and spend your bitcoins for purchases. This is done by signing transactions, which tells the Bitcoin network that you were the authorized owner of the address in which, the Bitcoins are held, and that the transaction is valid. The only way to create a valid signature is by using the correct private key.
faking a transaction signature is impossible!
Thus, ensuring total security. Your Bitcoin wallet will help keep a record incoming and outgoing transactions each of these transactions link to your wallet will be stored for future can use your private key to sign a message all of these processes are secured through mathematics using asymmetric cryptography coiner uses a double verification system to ensure your coins are kept safe and not even coiner staff has access to your wallet [Music]
On the other hand, a private key is a secret number that allows individuals to unlock and spend your bitcoins for purchases. This is done by signing transactions, which tells the Bitcoin network that you were the authorized owner of the address in which, the Bitcoins are held, and that the transaction is valid. The only way to create a valid signature is by using the correct private key.
faking a transaction signature is impossible!
Thus, ensuring total security. Your Bitcoin wallet will help keep a record incoming and outgoing transactions each of these transactions link to your wallet will be stored for future can use your private key to sign a message all of these processes are secured through mathematics using asymmetric cryptography coiner uses a double verification system to ensure your coins are kept safe and not even coiner staff has access to your wallet [Music]
Report this video as offensive
