Public Key

What is a public key?

Public Key Definition: A public key is a code that is used in cryptography to facilitate the trading of cryptocurrencies on the blockchain. It’s a code that works like a password and becomes effective (created) when a user initiates their first transaction with a cryptocurrency, such as Bitcoin or Ethereum.

At this stage, two keys are created: private and public keys. These are alphanumeric and maintain the security of the crypto assets in the digital network. The private key is created first, which is only known to the user, which then creates a public key.

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