Understanding Public and Private Keys in Blockchain
Understanding Public and Private Keys in Blockchain Blockchain is all about security, trust, and decentralization. But how is trust built in a system where no one controls it? The answer lies in cryptography, especially in the form of public and private keys. These keys are the backbone of blockchain security. Let’s understand what they are, how they work, and why they’re so important. 📌 What Are Public and Private Keys? In simple terms: A public key is like your email address — you can share it with others. A private key is like your password — you must keep it secret. Together, they form a key pair used to send, receive, and secure data in blockchain. 🔐 Private Key: Your Secret Identity The private key is a random string of characters, generated by your wallet. It is: Secret Unique Used to sign transactions Proof that you own your funds Example: Private Key: 5KQwrPbwdL6PhXujxW37FssQFx6GS7nCeYtQ6q3AgZThXJ9dbdS If someone gets your private key, they can steal your funds. 🌍 Public Ke...