Cryptocurrency as the name suggest uses cryptography. In the field of cryptography, information or data can be securely transmitted between two parties with the help of a Public-Key Infrastructure (PKI). PKI is made up of a Public and Private key pair. Each user that wants to be involved in this setup will have his own unique Public-Private key pair. The Public key is something that everyone will know, but the Private key is only for your eyes. If I need to send you a message, I will encrypt it with your Public key and only the Private key can be used to decrypt it. Hence, it is important for the Private key to be kept safely. Your Public key is the address to which your receive your cryptocurrency. The corresponding Private key allows you to transfer funds out of the address.
software wallet cryptocurrency
software wallet cryptocurrency
No comments:
Post a Comment