

And to unlock (spend/send) those bitcoins, you would require your private address (or key) for which you need to take full responsibility, just like the keys of the mailbox. Similarly, just like your house/flat number, anyone in the Bitcoin world can know your public address (Bitcoin address) to send you bitcoins. You always keep track of your key and don’t jeopardize the contents inside of your mailbox. In real life, do you give your keys to someone unknown?

If someone has to deliver you a letter, he/she must know your house/flat number to deliver it.Īnd as the receiver, you have a p rivate address (or key)to unlock the mailbox and collect your belongings. It has a unique and specific number (an address). To understand private keys and public keys, let us look at an example.Ĭonsider a mailbox where you receive your physical mail. In my earlier guide on Bitcoin wallets, I have used two terms extensively- Private Address (or key) and Public Address (or key). These keys are what makes Bitcoin the safest and most widely used cryptocurrency. Antonopoulos, Mastering Bitcoin: Unlocking Digital Cryptocurrencies The private key must also be backed up and protected from accidental loss, because if it’s lost it cannot be recovered and the funds secured by it are forever lost, too.” “The private key must remain secret at all times because revealing it to third parties is equivalent to giving them control over the bitcoins secured by that key. “If you don’t own your private key, you don’t own your bitcoins.”Įven the most knowledgeable man on Bitcoin says: My questions were answered well because you understood my questions properly and gave me a quick and sincere answer.įast and Very Good Support from Mr.What if you lost all of your bitcoins tomorrow? What would you do? Ivan was a huge help in getting me back up and running.thx again!!! She was very helpful and took the time to try and resolve my issue. on of the best support services i have ever experience, She is fast, talkative, responsive and supportive. Simply put, Atomic Email Studio is the ultimate solution to automate each and every stage of your bulk email marketing campaigns.ĭmitrii great support with straight to the point.
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