Public keys and private keys are essential components of the cryptocurrency ecosystem. They are strings composed of numbers and letters used to encrypt or decrypt data and serve as a pair to help users conduct secure transactions. The public key can be seen as the mailing address of a vault, while the private key is the actual key to the vault. To receive cryptocurrency assets from others, you must share your mailing address (public key) so they know where to send the assets. The private key is used to open the vault and control the assets. It grants you the right to send cryptocurrencies to others. To improve user-friendliness, many wallet providers convert private keys into a more memorable format, usually a string of 12 to 24 words, commonly called a "seed phrase" or "secret recovery phrase" (SRP). In any case, you should never share your private key or seed phrase (mnemonic) with anyone. Anyone who gains control of your private key can access your wallet and freely manage your assets, such as transferring them to their own account. #Solana年度收入首次超越以太坊 $SOL

SOL1.49%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)