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Author: Admin | 2025-04-28
You tokens. The public key of a crypto wallet is derived from the corresponding private key using a mathematical function known as “elliptic curve multiplication”. It is a cryptographic code that is used to encrypt messages and verify digital signatures.A public key is visible to anyone and can be shared with others to receive cryptocurrency payments. It is important to note that a public key is not the same as a wallet address, as some people may believe. A public key is part of the wallet address and is used to facilitate transactions, while a wallet address is used to identify a destination for cryptocurrency transactions.What is a Wallet Address?Digital assets and crypto funds are stored in, or rather assigned to, a wallet address. A wallet address is a unique identifier that is used to receive or send cryptocurrencies and can be linked to a bank account number/IBAN. Furthermore, its address can be shared with another person and is used to receive transfers of digital assets there.The wallet address is mathematically derived from the wallet’s public key through a one-way function called “hashing”. The wallet address is a shorter representation of the public key’s final part and usually has a length of 160 bits.If you want someone to send you cryptocurrency, such as 0.001 BTC, you will need to provide them with your wallet address, which is a unique identifier for a cryptocurrency wallet, and it’s where the sender will send the funds. It’s important to note that a wallet
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