Cryptocurrency private key vs public key

cryptocurrency private key vs public key

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A public key allows you to receive cryptocurrency transactions. It's a cryptographic code that's paired to a private key. While anyone can send transactions to. The public key is used to send cryptocurrency into a wallet. The private key is used to verify transactions and prove ownership of a blockchain. Public keys, which are publicly known and essential for identification, and � Private keys, which are kept secret and are used for authentication.
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Bytecoin value

Like the private key, a public key is made up of a long sequence of numbers. Put simply, Trapdoor Functions are mathematics problems that are easy to compute in one direction but nearly impossible to reverse. If you have an existing wallet that you want to transfer to another device � for instance, having your OKX Wallet as both a browser extension and on your mobile device � you can do so by importing your private keys. If the conditions are met, the transaction will be confirmed.