Questions tagged [public key cryptography]

EthereumElite Fri Oct 04 2024 | 7 answers 1528

Can you please explain what Public Key Cryptography (PKC) is in simple terms? How does it work and what are its key features? I'm particularly interested in understanding the difference between public and private keys, and how they are used in secure transactions. Additionally, how does PKC contribute to the overall security of cryptocurrencies and financial transactions?

CryptoAlly Mon Jul 08 2024 | 5 answers 1132

Could you elaborate on whether Bitcoin employs public key cryptography in its operation? Given its decentralized and secure nature, it's essential to understand the cryptographic mechanisms that underlie its transactions. Does Bitcoin rely on public key cryptography to ensure the authenticity and integrity of transactions? If so, how does this process work, and what are the key components involved? Understanding the cryptographic foundations of Bitcoin is crucial for assessing its security and potential for widespread adoption.