What is the difference between a btc address and a public key?

6 answers

• Gayatri l ShindeApr 11, 2021 · 4 years ago
  Sure! A Bitcoin address is a string of alphanumeric characters that represents a destination for Bitcoin transactions. It is derived from the corresponding public key through a series of mathematical operations. The address is what you share with others to receive Bitcoin. On the other hand, a public key is a cryptographic key that is used to encrypt data and verify digital signatures. It is generated from a private key and is essential for proving ownership of Bitcoin. So, in summary, a Bitcoin address is derived from a public key and is used for receiving Bitcoin, while a public key is used for encryption and verification purposes.
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• Jona SchwarzFeb 12, 2021 · 5 years ago
  The difference between a Bitcoin address and a public key can be a bit confusing, but let me break it down for you. A Bitcoin address is like your email address - it's what you give out to receive Bitcoin. It's a long string of characters that starts with a '1' or '3'. On the other hand, a public key is like your password - it's used to verify that you are the rightful owner of the Bitcoin. It's a shorter string of characters that is derived from your private key. So, in simple terms, a Bitcoin address is for receiving Bitcoin, and a public key is for proving ownership.
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• Umid RajabovJul 02, 2023 · 2 years ago
  Ah, the difference between a BTC address and a public key! Let me explain it to you. A BTC address is like your home address - it's where you receive your Bitcoin. It's a long string of characters that starts with a '1' or '3'. On the other hand, a public key is like your ID card - it's used to prove that you are the rightful owner of the Bitcoin. It's a shorter string of characters that is derived from your private key. So, to sum it up, a BTC address is for receiving Bitcoin, and a public key is for proving ownership. Hope that clears things up for you! 😊
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• Mohammed abdJun 16, 2024 · a year ago
  A Bitcoin address and a public key are two different things, but they are closely related. A Bitcoin address is a string of characters that starts with a '1' or '3' and is used to receive Bitcoin. It is derived from the corresponding public key through a series of mathematical operations. On the other hand, a public key is a cryptographic key that is used to encrypt data and verify digital signatures. It is generated from a private key and is essential for proving ownership of Bitcoin. So, while a Bitcoin address is used for receiving Bitcoin, a public key is used for encryption and verification purposes.
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• Street CodingSep 05, 2022 · 3 years ago
  The difference between a btc address and a public key lies in their functions within the Bitcoin network. A btc address is a unique identifier that represents a destination for Bitcoin transactions. It is derived from the corresponding public key using cryptographic algorithms. The btc address is what you share with others to receive Bitcoin. On the other hand, a public key is a cryptographic key that is used to encrypt data and verify digital signatures. It is generated from a private key and is essential for proving ownership of Bitcoin. In summary, a btc address is used for receiving Bitcoin, while a public key is used for encryption and verification.
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• Curran MillerNov 20, 2023 · 2 years ago
  A btc address and a public key serve different purposes in the Bitcoin network. A btc address is a string of alphanumeric characters that represents a destination for Bitcoin transactions. It is derived from the corresponding public key through a series of mathematical operations. The btc address is what you share with others to receive Bitcoin. On the other hand, a public key is a cryptographic key that is used to encrypt data and verify digital signatures. It is generated from a private key and is essential for proving ownership of Bitcoin. So, in essence, a btc address is used for receiving Bitcoin, while a public key is used for encryption and verification purposes.
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