What are Private & Public Keys?

Private Keys

Public Keys

What is a Public Address?

A public address is basically a shortened version of your public key. This is what you share with others when you want them to send you Bitcoin or when you want to send them Bitcoin. The public address is similar to a bank account number. Whenever you need to send money to another person, you need their bank account number so that the money goes directly to them and not to someone else. Similarly, whenever you need to send money through Bitcoin, you would need the other person’s public address so that the money goes directly into their account. Keep in mind that you will need your private key to prove that you are part of the transaction.

Why are these keys generated?

Disclaimer: The information and content manifested on the Black Swan Bitcoin blog are for educational purposes only. Nothing published by Black Swan Bitcoin constitutes as investment recommendation, nor should any data or content published by Black Swan Bitcoin be relied upon for any investment activities.

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Black Swan Bitcoin

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