The difference between private key and a public key

[Datincc 57]

On 1/26/2020 at 12:14 PM, Mandoy01 said:

If we talk about wallets then we will also talk about the wallet keys. There are two kinds of wallet keys; the private key and the public key.

 

The public key is also known as your wallet address. This is the alpha numeric number which you give to someone in order to receive a certain coin or token. The word public means that you can share it so you can make transactions.

 

Next is the private keys. Private keys are like the keys you use to open your door. For example you are going to unlock your door and you need a key to open it. It is the same with your private keys, this is the key that you will use to unlock or access your wallet. The word private here means that this key needs to be kept by you and never be shared otherwise other people can access your wallet.

 

So always keep in mind the difference so that your wallet will be safe and your coin or token will not be taken away from you. Share only your public key (wallet address) and not your private key.

For this reason I prefer to have a large part of my capital in wallets. Exchanges do not have private keys

[lange_marck 40]

of course bro we must keep our private key and not give it to anyone only we can give the general address of the currency exchange only knowing that it changes with every transfer in bitcoin

[mariag921 26]

it is simple the public key is the one that certifies that you are the owner of the wallet and the private key is the one that allows you to use the funds you have in the wallet, that is why it is always important to protect the private keys to avoid any

[nelix74 18]

The difference between a public key and a private one is that the public key is given to receive cryptocurrency, and the private key is given to transfer cryptocurrency from your wallet.

[David0 16]

The wallets private key is more important  public key is often used in transfers so we should protect our private key if it goes to the wrong hands we can lose our money

[joseraul 28]

the private key is the one you use to retrieve your wallet but the public key is used to trace the confirmations

[Alimhana930 1605]

Private Key is the password for the wallet that you own all your currencies and money in it, and sharing it leads to their theft. Either the wallet address or the general address serves as your identification, surname, or name among the rest of the wallets.

[K3lvinch 55]

Very good theme that you publish friend, this theme is very good that it is known, and more than everything to the novices in this, before cono er but of these themes and of wallets, I was swindled in that way, had a reward that they had deposited in a wallet, and a youtuber recommended to visit a page that gave you more money for a "survey" about airdrop, I was deluded to answer everything and with that, they asked for your private keys, but I trusted that I had been recommended by a youtuber, I placed them and when the day of distribution arrived, my funds had disappeared.

[DemosBomm 22]

A little advice for beginners. Do not share the private key with third parties, write it down on a piece of paper in encrypted form (for example, through the Caesar cipher), and preferably just remember it. This will protect you against coin theft.

[Yarling Alvarez 254]

In my understanding, the public key is the "address" of your wallet, it is the one you give to have money deposited in your account. And the private key is your access code for your wallet, sometimes it is presented as words that are called seeds, this should not be published, you must keep it in a safe place and it helps you to recover the account.

[MMDan 24]

Or just use cold wallets. A very convenient thing and most importantly one of the safest. I never get worried about my cryptocurrencies getting stoled. 

[lllife 32]

Public and private keys are very different from each other. It is not recommended to save the private key by default when you authorize in your web cryptocurrency wallet. It is useful to write the  private key down and store it on several paper sheets. Private key's storage should be treated with care. If it is lost, it will be impossible to restore the private key, and thus access to your wallet.

[bladexx 63]

The private key is the one we use to enter the wallet and with the public one we can receive money. It is important not to share the private key with other people because we run the risk of having our money stolen.

[federicol17 29]

 For me it is important that if you save your private key on your computer it is advisable not to save it in a file with that name and in a visible place like your desktop. This is due to the fact that if someone manages to access your computer, they will not easily find your private key and it can be used.

[gest49 84]

Private keys must always be protected and backed up in a file on your computer. I highly recommend backing it up in a Facebook direct message written to yourself, where things are kept safely and in an orderly manner. The public key has no greater risk if you show it, it is only to make deposits to your wallet.

[scorpiali 5626]

It's easy and simple as you have in your post it's all about the private and public, never show your private key at any one only you because it's your money key and you don't want to give them to any one,but your public key it's what people and user know you and communicate with you send and receive 

[Mike1515 2977]

Oh well thats profound and pretty much proper to understand but the truth is the answer is well searched and even simple to know and understand that is so awesome , so thanks a lot and have a beautiful day, private and public key. Got it

[Hira Jira 29]

Public key cryptography allows someone to send their public key in an open, insecure channel. Having a friend's public key allows you to encrypt messages to them. Your private key is used to decrypt messages encrypted to you.

[wassim19 645]

The public key in the wallet is the set of letters, meaning the address of the wallet that you can give so that he can send this currency, but the private key is yours to enter your wallet alone, and no one has the right to obtain it

[hhichem 54]

The difference between the public and private key is that the public is seen by all people and the currency is sent with it, and the private key is the one that people should not see and hide tightly, and your coins will not be lost beware if

[Melodyc75 56]

Of course this is essential, each person having a wallet only has access to the private key, this must be kept well, in most cases the key are keywords that are unique to each user and with this you can recover your wallet, yes if required. We all know the public keys as the address of your wallet and this helps in transactions, but it is essential to have your private key safe, since if it is stolen or given to someone, this person can manipulate your capital. Always be careful with this.

[Ridam 7455]

Exactly private keys are like the keys to open the door. If we loss them or someone copied it then they could access our wallet. So private keys must be hold with much careful behaviour. Public keys are just payment receiving address and there is no issue in sharing them. But we should be careful as if we do own huge funds and attackers may try to attack the wallet using different strategies.

[Badboyalexa 65]

Both personal keys and public keys are important thanks to our accounts, brother posts now we use any website to access your account and personal keys when we access our main account and personal keys we never access personal key passwords and we lose all our currency these currencies so think how important these keys are so we store in secure. 

[Vimbiso 214]

In simple terms a Private Key is used to both encrypt and decrypt the data and is shared between the sender and receiver of encrypted data. The public key is only used to encrypt data and to decrypt the data, the private key is used and is shared. ... The public key is free to use and the private key is kept secret only.

[Russel 017 506]

Private Keys unlock the wallet. It must be kept in secure place beecause if is lost or stolen one will lose all access in the wallet.Public keys are addresses by which one can find wallet and they can send money to wallet