Public key and it importance to the cryptocurrency ecosystem

in hive-175254 •  last year 

Just yesterday I discussed about the private key, it won't make sense if we are not discussing about the public key also. The services that both of them are offering in the cryptocurrency ecosystem are amazing. They are also opposite of each other. If you go through the post that I dropped yesterday you should have gained wider knowledge about what public key is. In anything that you are doing, you should knows that being safe in the cryptocurrency ecosystem is an integral part that you should be placing all levels of seriousness on. If you are that type that is always careless about your safety in the cryptocurrency ecosystem you will be disappointed at the tail end over the outcome of what you might see. You will be the scape goat in the cryptocurrency ecosystem and the blockchain at large. You will be surprised seeing your cryptocurrency wallet being hacked and all funds gone simply because your are careless. The hackers will just move all your fund and you will be shocked over the outcome, this is why in all you are doing in the cryptocurrency ecosystem you should makes sure that safety is always practiced. Don't be the one that will be used as sacrificial lamb. Most scammers out there are very smart, if you are not that careful enough, they can easily lure you into clicking random links, once you fall to their cheap scam and connect your cryptocurrency wallet, you are in trouble. I remembered vividly how I falled into this mess and I got hacked. It was random link that I came across on Twitter that I clicked on, after that I connected my wallet and some of my major coins/tokens were moved out of my account. As per my high level of experience, I was shocked and surprised over what happened . I was left in disbelieve but I was not thinking much about it, I saw it that despite me loosing fund, I have also through the hack process learnt alot. Since then I have opt my safety way, I don't just rushed into clicking anything link, I always observe it properly before doing so. This is simply because I don't want affliction to rise the second time.

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What is Public key

As for your information, when you are talking about the public key you should still knows that I am referring to something like password. As for your information, a public key is a key that you can use to receive cryptocurrency fund. It is always tied to the private key. You should feel free anytime you send out your public keys to anybody, they can't hack your account with it. The moment you hear the word public key, you should knows that as the name implies, it is a key that you can expose to anybody, it won't add negative effect to your cryptocurrency token/coins. As per saying that both the private key and public key are tied together you should knows that you can only use the public key to receive your token but you will be needing the private key to carry out transaction like moving funds out of your cryptocurrency wallet. As for your information you should knows that in the cryptocurrency ecosystem, the private keys is very vital and it should be treated so special. One thing that you should know is that private and public keys can be used to read encrypted informations in the cryptocurrency blockchain.

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We all can now see and knows the role the public key is playing in the cryptocurrency ecosystem and the blockchain at large. It beautiful effect in the cryptocurrency is so amazing and unique. You should feel free knowing fully well that you can simply use it to receive funds only. If you are conversant about the hive ecosystem you will see and come across different keys, and the good thing is that all are serving it purpose. Despite that, you should knows that in the hive ecosystem we have different keys, and the good thing is that they all are playing different roles. Keys like the posting can only be use to post and it can't be used to hack or move your cryptocurrency tokens/coins form your wallet. As per keys like the active key can be used to steal your fund. What this implies is that you should never play with such key.

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I will end the post here, have a nice day.

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