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.
Related Terms
Market Maker
Participant of the market who creates buy and orders
ERC-20
ERC-20 is one of the most widely used token standards in Ethereum to create fungible, exchangeable tokens.
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
Decryption
The process of decrypting data that was previously encrypted (made unreable) back to a readable form.
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