Cryptocurrency Q&A
What is the difference between a bitcoin address and a public key?
What is the difference between a bitcoin address and a public key?
CryptoEagle
Thu Jul 11 2024
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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.
6 answers
KpopHarmonySoulMate
Sat Jul 13 2024
The reason for this is twofold: firstly, addresses provide a more concise representation of a public key, making them easier to handle and share.
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SejongWisdom
Sat Jul 13 2024
Cryptocurrency and finance, though interconnected, possess discernible differences.
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mia_clark_teacher
Sat Jul 13 2024
In the realm of bitcoin, a fundamental component is the address, which functions as a crucial identifier.
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Isabella
Sat Jul 13 2024
Fundamentally, an address in bitcoin is a hashed representation of a public key. This hashing process ensures security and anonymity.
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GalaxyGlider
Sat Jul 13 2024
Currently, addresses, rather than public keys, are predominantly utilized for receiving bitcoin transactions.
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