Cryptocurrency Q&A
Does Bitcoin use public key?
Does Bitcoin use public key?
CryptoLordess
Tue Dec 24 2024
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7 answers
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I'm wondering if Bitcoin transactions involve the use of public keys. I know that public keys are commonly used in cryptography, and I'm curious if they play a role in the Bitcoin system as well.
7 answers
HallyuHeroLegendaryStar
Thu Dec 26 2024
It serves as the identifier that allows others to send bitcoins to your account.
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Emanuele
Thu Dec 26 2024
A public key plays a crucial role in the process of receiving bitcoins.
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Giulia
Wed Dec 25 2024
This lock is positioned on top of one of the outputs in the transaction.
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KpopHarmonySoul
Wed Dec 25 2024
When you wish to receive bitcoins, you provide your public key to the sender.
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Stefano
Wed Dec 25 2024
The output represents the destination where the bitcoins will be sent.
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