Public Key
CryptoGlossary term
Definition
A cryptographic code that serves as your address on a blockchain, allowing others to send cryptocurrency to you. It is mathematically derived from your private key but cannot be reverse-engineered to reveal it. Think of it like a bank account number that you can safely share with others so they know where to send payments.
Related terms
- Private KeyA secret alphanumeric code that gives you full control over your cryptocurrency holdings and the ability to authorize transactions. Your private key must be kept secure and never shared, because anyone who obtains it can access and spend your funds. It works in conjunction with a public key to enable secure, encrypted transactions on the blockchain.
- Wallet (Cryptocurrency)A digital tool that allows you to store, send, and receive cryptocurrencies by managing your private and public keys. Wallets can be software-based (apps or browser extensions), hardware devices, or even paper printouts. They do not actually store your crypto but rather store the keys that prove your ownership of assets on the blockchain.
- BlockchainA distributed digital ledger that records transactions across a network of computers in a way that makes the data nearly impossible to alter retroactively. Each block contains a set of transactions and is cryptographically linked to the previous block, forming a chain. This technology provides transparency, security, and decentralization without requiring a central authority.
- Seed PhraseA series of 12 or 24 randomly generated words that serves as a master backup for your cryptocurrency wallet. If you lose access to your wallet device or application, you can use the seed phrase to recover all of your accounts and funds. It is critically important to store your seed phrase securely offline, as anyone with access to it can gain full control of your wallet.
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