Public key vs Private Key

[scorpiali 5626]

1 hour ago, BitcryptoHan said:

What about storing the seed phrase instead? I think seed phrase can be use instead. And about my private key, I prefer to let it just be offline forever even without storing it. 

Right the seed phrase is the best way more than private key , i totally agree with that i use it all the time more than my private key and it's another way to restore your wallet 

[Trader21 1199]

Thanks for explanation. It is really helpful for who doesn't know what is different between private key and public key. a private key also known as a secret key, is a variable in cryptography that is used with an algorithm to encrypt and decrypt code. 

[Lover840 0]

On 10/29/2019 at 9:18 PM, xBDT Script said:

We are very well known with all these words if we are a little knowledgeable on how cryptocurrency wallet works.

let me share the basic difference between this two concept.

What we generally understand-

Public Key- Our address

Private key- Key to unlock the address

Although the meaning are close to the actual concept but it's not exact meaning.

Public Key

Public Key is a key for encryption of data. Although we used it as our receiving address, it's in reality encrypt the data from blockchain for us. It is available to everyone

Private Key

Private key help us to decrypt the data for the Public Key. It helps decryption of data which has been encrypted to the Public key. Private key is secret to the Public key holder only.

Yes there is a minor difference between the public and private keys. But we should understand that both keys are really important and sensitive so save them securely. 

[Calvinpriva 17296]

I don't like private keys in wallets because they are hard to recover, if you will lost your private it will be very hard for you to access your wallet and if you will not try harder you may give up and lost all your coins.

[George10 9932]

That's a clear explanation on the different between private and public key thanks for sharing and it is also very important to keep our private keys safe.

[tienda 8776]

Thank you for introducing this discussion here is important to understand very well the role of Public key and Private key, I think they are not compared because I think a private key is like a password and public key is like a pseudo name.

[melikf78 987]

there is one simple difference between public key and private key : you can share your public key with others and still your assets will be safe and secure but private key is only for yourself and if you share it with others they will be able to steel your assets.

[Saj555 2250]

Private keys are available only for the specific users.  Every user has a different private keys. But you can actually easily access to the public key but it is quite hard to access the private keys of someone else. And  also private keys keep your data safe and public key is not meant for the decryption of the data. The public key is used only for the encryption of the data. 

[yuwira 0]

both keys may be hacked collectively. each public key and personal key, you must truely preserve it and by no means inform anybody. With that each keys may be secure.

[scorpiali 5626]

On 4/6/2020 at 12:28 PM, Kutulay said:

I have never seen anyone have problems with a public key, because it is always available, and there is no problem if someone knows it, but the private key is very important to keep it in a safe place and never pass it on to anyone .

Right the private key is the most important than public key ,That's why we need to keep it safe and never cover it to any one 

[Raqeebzy 6456]

Exactly, a lot don't know about. A wallet can be accessed if the private key is known, which is not in the case of public keys. The popular term for public keys is wallet address. I can see from the above comments, many still can't comprehend. 

[BTC Future 3946]

On 4/28/2020 at 3:09 AM, Calvinpriva said:

I don't like private keys in wallets because they are hard to recover, if you will lost your private it will be very hard for you to access your wallet and if you will not try harder you may give up and lost all your coins.

While I understand that this is an actual problem, the real problem comes when the service you trust with your funds get hacked or turns and exit scams with all the funds of the users. This has already happened countless times and the people behind these scams are just relying on this behaviour. If the funds you have in crypto someday become significant to you then it is better to stop using any custodial service, wallet or exchange to hold them.

[bitcoinb 1359]

4 hours ago, BTC Future said:

stop using any custodial service, wallet or exchange to hold them.

I totally agree with that: use non-custodial wallets to store our funds! Not your keys, not your coins. My favorite wallets are Atomic Wallet, Coinomi, Enjin Wallet and guarda.

[Thekingcallme 1975]

The public key or wallet address used to receive payment and receive payment
As for the private key, it is personal and should not be shared with anyone because it is the main entry for your wallet

[magd 5231]

I will add to your beneficial participation that the public key can track the movement of transactions by the hackers and know the amount available, but they will find it difficult to penetrate. As for the private key, it is the key through which the wallet can be entered directly, so I advise everyone not to share these keys.

[Brand1 1336]

Everything you say is true that the public key we can share with everyone so that we can receive money through it and this key is encrypted and only displays transfers. As for the private key is something that we cannot share with anyone because if it reaches the wrong person it is possible that we will lose all our money

[Yomose 3704]

14 hours ago, Majeshi said:

We should be very carefully to protect our private keys because we can lose our money in the wallets if we will not be able to protect them. Public key they are safe even if they will be seen with other people because we use them to receive coins in our accounts.

You are right about private key, public key should be safe too because it can be used to know all your transactions but without having access to your fund, but it might lead to indirect attack. Know that public keys are different from addresses. 

[Honny143 13612]

Private key play the Major role in this wallets, because if we loss this keys then we can't access our account, are if any one stolen this keys then our accounts easily hacks, but public key we share this key anyone without any problem, because this keys main purpose to receive coins in our accounts, both keys important our accounts but works different.

[Yomose 3704]

14 hours ago, Honny143 said:

Private key play the Major role in this wallets, because if we loss this keys then we can't access our account

Please, do not get those wrongely, private keys can be used to access wallets but seed phrase are better because

1. It is very easy to back up

2. Because it recovered all cryptocurrencies, the whole wallet back unlike private key that recover back only a specific coin. 

[BitcryptoHan 2557]

14 hours ago, Jessica Karren said:

The public key is publicly known that allow users to receive cryptocurrencies into his/her account or wallet while private keys are kept secret and it's security make up helps to protect user from theft and unauthorized access to his/her account or funds.

The public key could be leaked but it is not publicly known, it is different from addresses that you can give to anyone. 

 

[Yomose 3704]

On 5/13/2020 at 10:50 PM, scorpiali said:

Right the private key is the most important than public key ,That's why we need to keep it safe and never cover it to any one 

@scorpiali, point of correction, but the private key and the public keys important, if you do not have public key, you do not have a wallet and if you do mot have private key, you do not have a wallet. That is just it.

[vitalinho 42]

interesting topic, i use a private key because on my opinion its more secured key. cause scammers can expose you by using public key

[AliJoseMeyer 41]

The only thing that the private and the public have in common is that they do not have any factor in common (without copyrights)

That's why you can't have the private key from the public one, nor can you decode with the public one.

[elharam 46]

There is no point of comparison between the public key and the private key, but in the title the placement of the word "VS" is like a comparison. We need a public key for transactions made with coins, in fact, but the private key is an encrypted password to open our wallet door.

[Solomoncaesar 43]

I hate private keys. I already had a negative experience of losing access to the wallet due to an application error and the inability to keep a private key for myself. And named the NeoLine app. Be extremely careful with him. Better never to use. Wallets need different protection. Protection that you will activate through your email upon registration. Blockcain made a very good example of how wallet protection should work.