A bitcoin wallet address is a hashed version of your public key. If i bought btc in coinbase and i transfer the bitcoin into another wallet 1 transaction in this transaction from coinbase to my wallet there will be a pair of public and private key generated i will get the private key form the wallet to.
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If you dont back up your private key and you lose it you can no longer access your bitcoin wallet to spend funds.
! How to check bitcoin public key. To elaborate a public key is 33 bytes long whereas an address is a 20 byte hash of the public key. So your public key is your address. As mentioned there is also a public key.
You send and recieve crypto on the same public facing keyaddress public key is your address question 2. Bitref will help you view the current balance of any bitcoin address. That is not the case but they are mathematically related.
This causes some confusion as some people assume that a bitcoin wallet address and the public key are the same. The private key is kept secret and is used to sign a digital transaction to make sure the origin of the transaction is legitimate. Bitcoins protocol uses whats called the elliptic curve digital signature algorithm ecdsa to create a new set of private key and corresponding public key.
Because the information is smaller therefore it is im! possible to compute the correct public key from an address. Fy! i if a public key is invalid you cant send funds there the software wont allow it miners wont allow it and since it would be yours and there would be a valid address for that private key you could regenerate the address to get the right one. You need only a device with the internet and a valid bitcoin address string.
The public key is then used with a hash function to create the public address that bitcoin users use to send and receive funds. Check bitcoin address balance tool.
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