Published: 10 Jul 2022 › Updated: 10 Jul 2022
LeoGlossary: Public Key
Used in peer-to-peer (P2P) transactions without the need to reveal one's private key.
This is a series of alphanumeric characters used to encrypt plain text messages into ciphertext.
The private key allows one to send a message while the public key is what decrypts it.
For example, the public key is what allows a wallet to receive cryptocurrency while the private key enables one to prove one is the owner.
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