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Public Keys

By CoinGecko | Updated on Mar 03, 2020
In public-key cryptography - one of the basis of cryptocurrency, digital keys are generated from a large random number through a cryptograhic key generation program to produce a private key and public key. In such a system, anyone can encrypt a message using the receiver's public key, but that encrypted message can only be decrypted with the receiver's private key. Public keys can be disseminated freely as the receving address for your cryptocurrency.

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Related Terms

UTC Time
"Universal Time Coordinated", can be used interchangably with Greenwich Mean Time (GMT).
Consensus
Consensus is achieved in a blockchain system when all participants agree on the content of the next block that will be added onto the blockchain.
Decryption
The process of decrypting data that was previously encrypted (made unreable) back to a readable form.
Ethereum Virtual Machine (EVM)
Ethereum Virtual Machine (EVM) is the environment in which all smart contracts are executed.
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