Public keys versus private keys: understanding the difference in cryptomena
As the world cryptomen continues to grow and evolve, understand the basic concepts of how they work, they may seem discouraging. One of the most basic concepts is the difference between public keys and private keys. In this article, we will divide what every type is and why it is decisive to understand when a cryptocurrency is used.
What are public keys?
A public key is a unique identifier assigned to a user or entity in a digital wallet such as bitcoin. It is basically a few digits (a public number) and a corresponding private number (secret code). This combination allows safe transactions between parts in the blockchain network. When someone wants to send cryptocurrencies to another user, their public key is used to create a transaction, which is then transmitted to the entire network.
What are private keys?
A private key, on the other hand, is a unique number that controls access to a particular wallet or account in the digital currency. It is basically a one -way encryption, which means that only the owner of a private key can use it to unlock and send funds from your wallet. The private key is used to sign transactions and verify the authenticity of these transactions.
Key differences between public keys and private keys
To illustrate the difference, consider this analogy:
* Public Key: Imagine a library
The public key is like a library card number. Anyone has access to your books (or cryptomes) provided you have a public key.
* Private key: Imagine your personal identification card
A private key is like your personal identification card. Only you know the combination to unlock and use it, so it’s very safe and confidential information.
Why is it important to understand the public keys to private keys?
In cryptocurrency, private key keys are necessary for safe transactions. Here are a few reasons why:
* Security: Using a public key can be as simple as sharing his public key with another person, while using a private key requires a corresponding public-private key.
* Authentication: Public keys ensure that only the owner of the wallet can send funds to the account of another user.
* Confidentiality: Private keys allow safe storage and basic fund management.
The best procedures to use cryptomena
To start cryptocurrency, follow these proven procedures:
1.
- Keep your private key safe: Safely store your private key using techniques such as hardware wallets or paper wallets.
- Be careful about fraud with phishing: Be careful about E -Mali or suspicious messages that ask you to share your public or private keys.
Conclusion
The conclusion is that understanding the difference between public keys and private keys is decisive in the use of a cryptocurrency. By recognizing the resolution between the two types of keys, it can guarantee safe transactions and protect their unauthorized access funds. Be sure to follow the proven procedures and safely store and manage your private password and be careful in fraud with phishing that you can try to steal your confidential information.