public key
Phonetic: /ˈpʌblɪk kiː/
Part of Speech: noun
Category: To be determined
Public blockchain networks are just that: public. Their data is accessible and readable by anyone. In order to have any degree of usability when it comes to allowing users to do some things, like send transactions, but not others, like steal other peoples’ tokens, cryptographic technology is used. In particular, a design paradigm known as ‘public/private key pairs’ is employed to ensure users can interact with others on the network as they wish, while keeping their own account secure. These key pairs consist of two long strings of alphanumeric characters. A public key can be derived mathematically from its corresponding private key, but the inverse is not true: it is mathematically impossible to derive a private key from its corresponding public key. This allows, for example, users to have a public wallet address that anyone can use to send them tokens, with the peace of mind that as long as they properly keep the corresponding private key safe, those tokens cannot be stolen. See also ‘private key’.
Definition source: Education DAO - mapachurro
Sample sentence
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Additional definitions
A public key is one-half of a key pair used to encrypt messages or verify digital signatures. In the crypto space, it essentially works as your wallet address.
The public key of a keypair.
Extended definition
No extended definition. ...yet
This word came from... the ether
Date first recorded: 2025-01-31
Commentary
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