1) Private key, public key, address
Just as you need to enter a password for bank withdrawals and online bank transfers, a password is also required to use bitcoins in your wallet. This password is called a “private key”.
The “private key” corresponds to the “public key”, and the “public key” is like your bank account.
Each bank account has a unique account number, which is the bank card number.
In the Bitcoin network, that bank card number is the “address”.
If you find a piece of paper on the road with only the bank card password written on it, but not the bank card number, even if the card password is true, you will not be able to withdraw money from the account in question.
Why is this so?
This is because in the blockchain, the private key is encrypted to generate the public key and the public key…
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