In cryptocurrency, public keys are used to secure transactions and verify ownership of digital assets. They are part of a key pair, with the public key being shared and the private key kept secret. Public keys allow users to receive cryptocurrencies, while the private key is used to sign transactions and prove ownership.
Public key encryption is essential for securing cryptocurrency transactions, ensuring that only the intended recipient can access funds. It also helps verify the authenticity of transactions and protects against fraud. The public key is used to generate wallet addresses, while the private key is used to authorize the transfer of cryptocurrency.
