Questions tagged [public key]

CryptoEagle Thu Jul 11 2024 | 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.

Margherita Wed Jul 10 2024 | 6 answers 1461

Could you elaborate on who has the capability to send Bitcoin to a public key? Is it solely the owner of a private key, associated with the target public key, or is there any other individual or entity that could potentially initiate such a transaction? Does the sender require any specific software or hardware to accomplish this? Additionally, are there any limitations or restrictions on who can send Bitcoin to a given public key, such as geographical or legal constraints? Clarifying these points would greatly assist in understanding the process of sending Bitcoin to a public key.

Michele Mon Jul 08 2024 | 6 answers 1078

Excuse me, could you please elaborate on the distinction between a public key and a cryptocurrency address? As I understand, both are crucial components in digital transactions and security, but I'm having difficulty grasping the fundamental difference. Does a public key serve as the foundation for generating a crypto address, or are they two separate yet interconnected entities? How does the usage of each differ in the context of digital currency transactions? Clarifying this distinction would greatly assist me in understanding the intricacies of cryptocurrency transactions.

KpopHarmonySoul Sat Jul 06 2024 | 5 answers 892

Could you elaborate on the specific type of public key utilized in the Bitcoin network? I'm curious about the cryptographic underpinnings that enable secure transactions on this decentralized ledger. Understanding the technical details behind the public key system in Bitcoin is crucial for appreciating its security and scalability. Could you explain the cryptographic algorithm, key generation process, and how the public key is incorporated into Bitcoin addresses to ensure the authenticity and integrity of transactions? Additionally, how does this public key system contribute to the overall security of the Bitcoin network?

SumoMight Fri Jun 28 2024 | 5 answers 994

Excuse me, as a cryptocurrency user, I'm trying to secure my digital assets and understand the importance of using public keys for transactions. Could you please guide me on how to obtain my Trust Wallet public key? I've heard it's crucial for initiating transactions and authenticating my wallet, but I'm not quite sure where to find it or how to proceed. Could you walk me through the steps involved in retrieving my public key from Trust Wallet, and also advise on any security measures I should take to safeguard it? Your insights would be greatly appreciated.