What are the private key, public key, and address in a wallet each for?
First, what they are: the public key is derived from the private key through elliptic curve operations. This step is one-way, and it is computationally infeasible to reverse-engineer the private key from the public key.
Why this works: you can think of the address as a receiving account, while the private key is the only proof needed to move funds: you can tell anyone the account, but only you should know the private key.
Finally, here is the price: $BTC current price 79724.07, 24h -0.025%.
The mnemonic phrase and private key should be kept by yourself only, and never give them to anyone who asks.
First, what they are: the public key is derived from the private key through elliptic curve operations. This step is one-way, and it is computationally infeasible to reverse-engineer the private key from the public key.
Why this works: you can think of the address as a receiving account, while the private key is the only proof needed to move funds: you can tell anyone the account, but only you should know the private key.
Finally, here is the price: $BTC current price 79724.07, 24h -0.025%.
The mnemonic phrase and private key should be kept by yourself only, and never give them to anyone who asks.
