Can someone please explain "Private Key" and "Public Key"

Amph

legendary

Activity: 3248

Merit: 1070

Hello,

Public key is your Bitcoin adress.
This address can be seen by all.
Private key is your protection for bitcoins.
If I have your private key and your wallet is not protected with password,I can spend your bitcoins.

uh not really public key isn't exactly your bitcoin address, it's the bitcoin address that was "hashed away" with multiple rounds

basically address are derived from public key which are derived from private key

michinzx

sr. member

Activity: 364

Merit: 250

Quote from: ?? on ??

Hello,

Public key is your Bitcoin adress.
This address can be seen by all.
Private key is your protection for bitcoins.
If I have your private key and your wallet is not protected with password,I can spend your bitcoins.

password protection doesnt matter if you have the private key. the private key alone would give access to control of the bitcoins associated with the public address of the private key.

Muhammed Zakir

hero member

Activity: 560

Merit: 509

I prefer Zakir over Muhammed when mentioning me!

Quote from: Antimon1 on August 22, 2015, 07:49:53 AM

The public key is just yout bitcoin address, which you can receive btc with.

No. Public key and Bitcoin address are different. Bitcoin address is hashes version of a public key.

Quote from: Antimon1 on August 22, 2015, 07:49:53 AM

NEVER give your private key to somebody else. The private key is to gain access to make transactions and is needed if you have accidentaly deleted your wallet from your pc (otherwise you won't be able to recover it).
But it's just saved in your wallet so you don't have to put it in everytime.

Private key is needed to access your Bitcoins even if you haven't deleted your wallet. Wallets just manage them.

Antimon1

newbie

Activity: 30

Merit: 0

The public key is just yout bitcoin address, which you can receive btc with.
NEVER give your private key to somebody else. The private key is to gain access to make transactions and is needed if you have accidentaly deleted your wallet from your pc (otherwise you won't be able to recover it).
But it's just saved in your wallet so you don't have to put it in everytime.

ANON.PURGED

sr. member

Activity: 504

Merit: 250

Quote from: LiteCoinGuy on August 22, 2015, 06:52:14 AM

https://en.bitcoin.it/wiki/Private_key

Wow nice

Now i think i understand

Is Private Keys are keys to be used when performing transaction? So once you're transacting a BTC to someone it will ask you first for a Private Key Right ? Or im wrong

And Public Key , Is wut ?

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

https://en.bitcoin.it/wiki/Private_key

ANON.PURGED

sr. member

Activity: 504

Merit: 250

All i know in Public Key is signing of transaction message? Lol wut ? I cant understand Can someone please explain more further? More easier? More understandable ?

Its called CRYPTography, Why? Is it because its crypting one address? lol wut ? i cant understand . Why Public and Private keys are important? , To sign message. LOL wut ?

How to use private and public key ?

Topic: Can someone please explain "Private Key" and "Public Key" (Read 717 times)