{"id":8679,"date":"2021-12-13T14:59:24","date_gmt":"2021-12-13T14:59:24","guid":{"rendered":"https:\/\/yourcryptolibrary.com\/?page_id=8679"},"modified":"2022-10-04T15:06:52","modified_gmt":"2022-10-04T15:06:52","slug":"public-and-private-key","status":"publish","type":"page","link":"https:\/\/yourcryptolibrary.com\/nl\/wallets\/public-and-private-key\/","title":{"rendered":"Wat is een publieke en private sleutel?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"8679\" class=\"elementor elementor-8679\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-266b65f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"266b65f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-aa4be49\" data-id=\"aa4be49\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-fa08d25 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fa08d25\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-9e33461\" data-id=\"9e33461\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6d6bb01 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"6d6bb01\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn more about cryptocurrrencies<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-b2f7ca8\" data-id=\"b2f7ca8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0f6a63a elementor-align-center elementor-widget elementor-widget-button\" data-id=\"0f6a63a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"\/exchanges\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Trade Crypto<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-2829a9d elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"2829a9d\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;,&quot;h4&quot;],&quot;exclude_headings_by_selector&quot;:[],&quot;marker_view&quot;:&quot;numbers&quot;,&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Contents\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__2829a9d\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__2829a9d\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-up\"><\/i><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__2829a9d\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a8556c4 elementor-widget elementor-widget-text-editor\" data-id=\"a8556c4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>What is the difference between a public key and a private key?<\/h3>\n<p>Public and private keys are two very relevant terms in the <a href=\"\/cryptocurrency-types\/\" target=\"_blank\" rel=\"noopener\">cryptocurrency<\/a> space. The term pretty much explains the difference. One is public and one is private.&nbsp;<\/p>\n<p>We see that a normal bank account uses account numbers that are linked to a specific name or debit card. In the world of cryptocurrency this works entirely different.<\/p>\n<p>A cryptocurrency wallet consists out of a public and private key, similar to your bank account number and the pin code that you use to get acces to your account. To understand this better, we explain what the term &#8216;<i>cryptography<\/i>&#8216; means and what the relationship is with a public and private key and cryptocurrency.<\/p>\n<h3>What is cryptography?<\/h3>\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Cryptography\" target=\"_blank\" rel=\"noopener\">Cryptography<\/a> is something we use every day without really realizing. It forms the basis of the Internet, allowing us to browse the internet safely.&nbsp;<\/p>\n<p>The adress bar of this page is a simple example of cryptography is. 2 things are visible; a small padlock symbol is visible before the start of the address <i>https.<\/i><\/p>\n<p>This indicates that the connection to a website is secure. This security is established with cryptography, by using public keys that encrypt all data. This encryption or encoding of data is essential to the security of the internet users.<\/p>\n<h3>What is a private key?<\/h3>\n<p>A private key consists of a series of random numbers\/letters issued by an exchange or wallet issuer. It contains your cryptocurrency, which you can send and receive. It is not possible to decipher a private key, thanks to the strong encryption model behind it.<\/p>\n<p>It is very important to save your private key in a secure place, as it can be used as a backup to access your <a href=\"\/wallets\/\" target=\"_blank\" rel=\"noopener\">wallet<\/a>. Losing the private key means you can no longer use the wallet and lose your cryptocurrency!<\/p>\n<h6>It\u2019s important to never share your private key on any website, or with anyone.<\/h6>\n<h3>What is a public key?<\/h3>\n<p>A wallet has a public key next to a private key. A public key is one of the two keys used to encrypt data.&nbsp;<span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;\">The private key is used for mathematical derivation of the public key. Unlike the private key, which must remain completely secret, the public key is made to share with other people, who want to send cryptocurrency to your adress.<\/span><\/p>\n<p>Public keys are thus derived from private keys.&nbsp;<\/p><p>The other way around is not possible, because if this was possible your cryptocurrency could be stolen the moment your public key is known to others. Cryptocurrencies solve this problem by using a complicated mathematical algorithm to generate the public keys. The algorithm makes it very easy to generate public keys from private keys, but the algorithm makes it virtually impossible to achieve the opposite!<\/p>\n<h3>Examples of public and private keys<\/h3>\n<p>To make this all a little more tangible, an example of both a public and private key is given below:<\/p>\n<h6>Public key&nbsp;<\/h6>\n<p>11GHHa6Q5Jz2dhsNExL567mF43ikXhwF5fKLp<\/p>\n<h6>Private key<\/h6>\n<p>83KHGFGsHeMpn854w5kJNzGWng87GDcd3VjLK5qHFXj5hF<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c2a94ef elementor-widget elementor-widget-heading\" data-id=\"c2a94ef\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Fun Fact: The public key above is a public key from a Bitcoin address. You can recognize it by the fact that it starts with a \"1\". Bitcoin public keys always start with a 1. Bitcoin private keys always start with a 5. So the private key above is not a Bitcoin address.<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-19b6e0c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"19b6e0c\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-eaa7143\" data-id=\"eaa7143\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ef5e143 elementor-widget elementor-widget-image\" data-id=\"ef5e143\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"512\" height=\"512\" src=\"https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2022\/04\/key-svgrepo-com.svg\" class=\"attachment-large size-large wp-image-17154\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-88ae491\" data-id=\"88ae491\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ddd1cb7 elementor-widget elementor-widget-heading\" data-id=\"ddd1cb7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conclusion<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7435864 elementor-widget elementor-widget-text-editor\" data-id=\"7435864\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A cryptocurrency transaction is always sent to and received by public addresses. All transactions made on the network are recorded on the blockchain. Public addresses are related to the public keys. They are a &#8220;hash&#8221; of the public key.<\/p><p>To release or authorize a transaction, you must provide the private key to unlock the assets on the blockchain at the specified address. It is safe to share public addresses with others. This is because it is mathematically impossible to decipher the private key from a public key.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Learn more about cryptocurrrencies Trade Crypto Table of Contents What is the difference between a public key and a private key? Public and private keys are two very relevant terms in the cryptocurrency space. The term pretty much explains the difference. One is public and one is private.&nbsp; We see that a normal bank account [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":8680,"parent":900,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-8679","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is a public and private key?<\/title>\n<meta name=\"description\" content=\"Public and private keys are used in order to send and receive cryptocurrency from or to your blockchain wallet.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/yourcryptolibrary.com\/nl\/wallets\/public-and-private-key\/\" \/>\n<meta property=\"og:locale\" content=\"nl_NL\" 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