Public vs. Private Keys

jatin

For someone who's just entering the realm of cryptocurrency, the concept of 'keys' can be quite bewildering. Cryptocurrency wallets typically involve two keys: the public key and the private key, each serving distinct yet interconnected purposes. Can som eoneprovide me a clear explanation of what these keys are, their individual functions, and how they collaborate within the context of a crypto wallet? This would greatly help in demystifying their usage for beginners like me.

Cric1234

I was about to post the same question bud, if somebody knows about keys, please help us clueless peeps

Aryan

Public keys and private keys are the working parts of Public-key cryptography. Together, they encrypt and decrypt data that resides or moves in a network. The public key is truly public and can be shared widely while the private key should be known only to the owner.

crick03@1

Public keys can be safely shared with anybody attempting to send crypto to your wallet. Private keys, on the other hand, should be carefully protected, as anyone with a wallet's private keys gains total control over the funds associated with them.