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Author: Admin | 2025-04-28
Is a big, random prime number and can be used as a unique ID specific to a party to encrypt, decrypt or sign a message or file.Cryptography and more specifically asymmetric cryptography was the forefather and technological foundation upon which Satoshi Nakamoto created Bitcoin, hence the name “cryptocurrencies”.Crypto Keys Come in PairsGenerally, you need to have a crypto wallet to keep your cryptocurrencies safe and secure. It’s like the wallet you use to keep your money. There are several factors you should consider to choose the best crypto wallet. But, there are other things you need to know about the wallet itself. Every crypto wallet consists of a unique pair of public and private keys. There is a one-way-relationship between private and public key: through means of cryptography the public key for a private key is derived, hence a crypto-key-pair results.However, it does not work the other way around. It is impossible to derive the private key through a public key. These key pairs allow sharing the public key which can be used by others to encrypt or verify information. This is what so-called asymmetric cryptography is all about and was a big breakthrough in encryption when first developed in the 1970s.What is a Private Key?You can use your crypto wallet to send and receive cryptocurrencies. The mentioned keys are the addresses to this wallet. A private key is a secret code that is used to access a cryptocurrency wallet and authorize transactions. It is a long string of alphanumeric
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