๐ Understanding the Role of Public and Private Keys in Digital Transactions
#PublicKey #PrivateKey #DigitalTransactions #Crypto #WalletAssets #TransactionProcess #SignatureVerification #Blockchain #Node #CryptoReward #Gas
Crypto KOL ้ๅJason posted on X. In a digital transaction scenario, the public key is akin to a phone number displayed in a lost and found notice, pointing to wallet assets visible to the public key owner. The private key, comparable to the owner's ID number, is required to initiate a signature on the public key, enabling the completion of the call process. The individual who finds the wallet acts as a node, verifying the correctness of the private key signature and facilitating the wallet transfer. Once the transaction is packaged, the owner retrieves a 100-unit reward from the wallet, which serves as Gas for the node.#PublicKey #PrivateKey #DigitalTransactions #Crypto #WalletAssets #TransactionProcess #SignatureVerification #Blockchain #Node #CryptoReward #Gas