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Author: Admin | 2025-04-28
Assets.All crypto wallets work using the same principles via tools called keys. But, just as your crypto wallet isn’t a physical wallet, these are not physical keys that you carry around, either.The keys in your wallet are used to facilitate transactions and keep the crypto in your wallet secure. Each wallet has a public address, a public key and a private key. What is a public address?A public address is a unique identifier used to receive cryptocurrency. Think of it as the destination address for your digital assets. When you buy cryptocurrency, the seller sends a record of ownership to your public address. When someone wants to send you crypto, they use your public address to send it to you. As the name suggests, this address is public and can be shared with anyone without compromising the security of your crypto. What is a public key?A public key verifies you’re the owner of a public address that can send and receive cryptocurrency.It’s a long string of letters and numbers. An example of a public key could be: X8asDFk76z9T100zrU79xbM777. Public keys can be used to encrypt messages that are sent to your public address, ensuring that only the intended recipient can read them. They’re matched to the private key held within the crypto wallet, but unlike traditional banking details, these keys don’t provide any personal information about the wallet’s owner. This means you can share your public key without risking security. What is a private key?A private key acts as the
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