private Key ? - page 2. | Bitcointalksearch.org

paraboul

newbie

Activity: 29

Merit: 0

Quote from: Daniel 777 on September 25, 2017, 05:22:02 AM

what is private key and how this key work ?

This is the base concept behind asymmetrical cryptography (https://en.wikipedia.org/wiki/Public-key_cryptography).
You can share your public key with anyone, so that one can encrypt a message that only you can read (owner of the private key derived from the public key).

When it comes to bitcoin (or more generally to cryptocurrencies), your private key allows you to spend the coins you received on your public address (wallet address). (More info here : https://en.bitcoin.it/wiki/Technical_background_of_version_1_Bitcoin_addresses)

xenxen

sr. member

Activity: 763

Merit: 252

Quote from: Daniel 777 on September 25, 2017, 05:22:02 AM

what is private key and how this key work ?

private key is the unique long password to avoid any body can try to login your account or somebody try to crack your account if you have private key it means your wallet is safe..

Josepht

hero member

Activity: 1008

Merit: 515

The private key is (the name already tells it) the key with which you have access to an address. Every bitcoin address has a private key linked to it, so when you give away your private key, the person who you gave it to has access to that address. That's the reason why you should protect it at every cost.

Most of the time, you won't see the private key though, since it is stored in a wallet.

Jaycee99

sr. member

Activity: 1036

Merit: 273

Quote from: Daniel 777 on September 25, 2017, 05:22:02 AM

what is private key and how this key work ?

What is a Privet key? it like a password that is provided by your wallet so save it at your note or memo.

Is there any problem behind this privet key of yours? Please write more for us to help you.

Daniel 777

newbie

Activity: 35

Merit: 0

what is private key and how this key work ?

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