Private key and Address wallet | Bitcointalksearch.org

odolvlobo

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Quote from: pooya87 on December 16, 2017, 12:17:15 AM

Quote from: odolvlobo on December 15, 2017, 07:02:35 PM

address - holds bitcoins.

a bitcoin address does not hold anything. there are not bitcoins to hold! there are only transaction outputs which are held on the blockchain.
an address is a Base58-encoded hash of a public key which is then used to send transactions to.

While i agree with that, writing that an address holds bitcoins is simpler and it's not far from the truth. It gets too complex if you try to explain how it really works.

Dudeperfect

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Since you have signed up on this forum, I am assuming that you have used your email address in order to get the notification emails and you are aware of how email system works.

Consider your public key as your email address that you should share with others so that they can send you Bitcoins on your address just like you share your email address to others and they send you emails using it.

Your private key is like a password that you use to view the emails from your inbox. You will need the private key to send the Bitcoins that are saved in your Bitcoin wallet. We never share our email password so same about Bitcoin private key, it's secret and confidential.

pooya87

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Quote from: odolvlobo on December 15, 2017, 07:02:35 PM

address - holds bitcoins.

a bitcoin address does not hold anything. there are not bitcoins to hold! there are only transaction outputs which are held on the blockchain.
an address is a Base58-encoded hash of a public key which is then used to send transactions to.

chathura

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Public Key:

Public key uses asymmetric algorithms that convert messages into an unreadable format. A person who has a public key can encrypt the message intended for a specific receiver. The receiver with the private key can only decode the message, which is encrypted by the public key. The key is available via the public accessible directory.

Private Key:

The private key is a secret key that is used to decrypt the message and the party knows it that exchange message. In the traditional method, a secret key is shared within communicators to enable encryption and decryption the message, but if the key is lost, the system becomes void. To avoid this weakness, PKI (public key infrastructure) came into force where a public key is used along with the private key. PKI enables internet users to exchange information in a secure way with the use of a public and private key.

odolvlobo

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Quote from: Zuzu1999 on December 15, 2017, 08:22:10 AM

you can you help my difference between private key and address wallet ?

address - holds bitcoins.
private key - allows you to send the bitcoins at the associated address.
wallet - a container that holds one or more private keys.
wallet - in addition to holding private keys, a wallet also typically creates and manages private keys, connects to the bitcoin network, keeps track of the bitcoins at the addresses it manages, and creates and publishes transactions.
seed - used by a wallet to generate all of its private keys. It can also be used to recover a wallet.
public key - used in a bitcoin transaction, but not something a user will ever encounter

AdolfinWolf

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Quote from: 0xSmC on December 15, 2017, 01:17:54 PM

If u have enough time, they are a list of bitcoin address and their priv keys. All of them It was posted somewhere, but idk where its at now.

You mean http://directory.io/ and http://www.allprivatekeys.com/allprivatekeys.php ?

Chances of you finding any balance on these adresses, and getting it out of the adresses, are going to be extremely small, thus it is probably going to be a waste of time.

Also, these sites do, by far, not index all the current private keys + Adresses that have already been generated.

legend018

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Quote from: Zuzu1999 on December 15, 2017, 08:22:10 AM

you can you help my difference between private key and address wallet ?

A wallet uses its seed to generate private keys. Te wallet has your bitcoin address that you give people if you want to receive bitcoin (the PUBLIC address and the wallet has your private key.
There are some good visuals in here: https://coinsutra.com/hd-wallets-deterministic-wallet/

0xSmC

newbie

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If u have enough time, they are a list of bitcoin address and their priv keys. All of them It was posted somewhere, but idk where its at now.

Adykingcity

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Private Key, known only to the owner of the Bitcoin address. private key functions as a PIN number in a Bank account. Broadly speaking, Private Key is as a key security of bitcoin users.
If this Private Key is known by others, then your bitcoin balance will be stolen by others. so, be smart in keeping your private key.

Wallet Address, it's an address of your wallet or the address where you can receive and send bitcoin to the other.

bismillahi

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In cryptography, when you encrypt some plain text using algorithm such as RSA, there will give you two key that is private key, and public key.
You cant determine private key from public key, but you can determine public key from private key.
Unless you using super duper computer to decrypt RSA algoritm it will takes long time.
this two keys are needed to open some important message.

Thats all i know from my lecturer.

mocacinno

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https://merel.mobi => buy facemasks with BTC/LTC

Quote from: dothebeats on December 15, 2017, 09:33:18 AM

Private keys are like the secret codes that a user has in order to spend all the bitcoins available in a single wallet whereas the address is like your "donation" button that allows users to send money to you. A wallet is a collection of addresses that is either linked to a single private key, randomly generated private keys, or mnemonics/passphrase that is hashed incrementally to generate new private keys.

Just a smal remark:
When you have a wallet with 1 private key, there is one public key and one address in your wallet...
The address is the hash of your public key, the public key can be calculated starting from your private key, so if you only have 1 private key you cannot have a collection of addresses Wink

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dothebeats

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Private keys are like the secret codes that a user has in order to spend all the bitcoins available in a single wallet whereas the address is like your "donation" button that allows users to send money to you. A wallet is a collection of addresses that is either linked to a single private key, randomly generated private keys, or mnemonics/passphrase that is hashed incrementally to generate new private keys.

Zuzu1999

newbie

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you can you help my difference between private key and address wallet ?

Topic: Private key and Address wallet (Read 183 times)