Скачать или смотреть Bitcoin Private and Public Keys Explained Simply

What are Bitcoin private keys and public keys? In this video I explain how bitcoin private and public keys work in a simple way that anyone can understand. You could call this Bitcoin private and public keys for dummies.

While Bitcoin keys used advanced cryptography, their uses are actually pretty simple to understand.

A Bitcoin public key has two functions. First it is a deposit box where anyone can send money. The second function is prove you have the private key, thus allowing you to withdraw money.

This is done by you creating a transaction and hashing it with your private key. That has can then be decoded using your public key. This proves you have the private key without ever revealing it because the public and private keys are linked together.

Watch the video to get the full explanation.