A public keyIn public-key cryptography - one of the basis of cryptocurrency, digital keys are generated from a large random number through a cryptographic... Read More is a cryptographic keyCryptographic keys are mathematical values used to encrypt and decrypt data using cryptographic algorithms. Private keys (known only to the... Read More used to encrypt data. Any party can use a public key to encrypt information. However, only the corresponding private keyIn the context of cryptocurrency, a private key is a number that allows users to sign transactions and to generate... Read More can decrypt the information. Generating a public key requires a cryptographic algorithmCryptographic algorithms are mathematical functions used for data encryption or decryption. Read More. The same cryptographicCryptography - means "secret writing"—the ability to exchange messages that can only be read by the intended recipient. In cryptocurrency,... Read More algorithm (using different parameters) will also create the corresponding private key. In blockchainA Blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a... Read More technology, digital signatures using public keys to verify the authenticity and integrity of transactions. Digital assetsDigital assets are items of value that can be stored and traded electronically, including cryptocurrencies, tokens, smart contracts, and other... Read More and wallets also use public keys to prevent double spendingDouble spending is a fraud technique that involves using the same digital currency to make two or more separate purchases.... Read More. When a user wants to send digital currencyA digital currency is a medium of monetary exchange that only exists in electronic form and has no physical counterpart. Read More to another user, they must prove they own the coins by signing the transactionA transaction is a record of an event that occurred in the past. Transactions typically occur during the course of... Read More with their private key. The recipient of the coins can then verify the signature using the sender’s public key. Public keys also serve as receiving addresses for cryptocurrencyA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by... transactions.
