Ethereum addresses understand: What is the difference between your address and your public key?
Ethereum is a decentralized platform that enables intelligent contracts and decentralized applications (DAPPS). One of the essential concepts in the understanding of Ethereum is his address system. While it may seem complex at first, you can build the basics of cryptocurrency and blockchain technology, as Ethereum addresses take into account the work.
What is an Ethereum address?
An Ethereum address is a clear string of characters, which serves as a identifier for a specific wallet or a certain account in the Ethereum network. It is essentially your digital cash register in the world of cryptocurrencies. Just like your bank account, each Ethereum address has its own rules and restrictions to prevent non -authorized transactions.
public key against private keys
One of the most critical aspects of Ethereum is how they relate to public keys. A public key for security purposes is used in traditional banking systems (such as authentication). In cryptocurrency, however, a “public key” refers to your Ethereum address. This may seem confusing at first, but it is important to understand that when creating an Ethereum account or when sending and receiving and receiving ether (ETH), the process is generated a unique public key with your wallet.
The process of generating your Ethereum address
When creating a new Ethereum letter pocket, you will be asked to create a clear address. This address is essentially your “public key”. Follow the following steps to use it for transactions:
- Create your Ethereum letter bag : You can download the metamask browser expansion or the official Metacard Wallet app.
- Create a new wallet : After downloading and installing, you have to create a new wallet on Metamask or Metacard.
- Connect a connection to the network : After creating your wallet, connect it to the Ethereum network by clicking on “Start” and then “connecting items”.
- ether (Eth) add : After the connection you can display your available ether balance. You can now use this balance to send Ether from one address to another.
key differences between your address and your public key
While both are used for transactions, the main difference is their purpose. Your public Ethereum address is unique for your wallet and serves as a reference point for sending transactions. It is what is sent to the network by the Ethereum node or miner when you send ether.
On the other hand, your private Ethereum key is not directly related to a certain transaction, but is used to secure and protect your means on your wallet. By accessing and checking your private key, you can transfer medium from one address to another without exposing your public address to the network.
Diploma
To understand how Ethereum is concerned with work can initially appear to be overwhelming, but breaking up every concept into smaller parts makes grasping easier. From the creation of a new address to the management of your private keys, every step in the process of using Ethereum contains an address. By mastering these concepts and practicing with a metamask or other wallets, they will be on the best way to assert themselves in the world of Ethereum.
Example application cases:
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Transfers
: You can transferred Ether to another (private key) from an account (public key).
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If you receive ether : To get ether from someone, you must first confirm that the transaction is valid and then deposit in your wallet.
