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What is a Bitcoin private key?

What is a Bitcoin private key?



A private key in the context of that coin is a secret number that allows bitcoins to be spent. Every Bitcoin wallet contains one or more private keys, which are saved in the wallet file. The private keys are mathematically related to all bitcoin addresses generated for the wallet.

 

What is the purpose of the private key?

A private key is a tiny bit of code that is paired with a public key to set off algorithms for text encryption and decryption. It's created as part of public key cryptography during a symmetric-key encryption and used to decrypt and transform a message to a readable format.

 

How long is a Bitcoin private key?

Private keys are always 32 bytes and public keys are always 65 bytes. Public key hashes are always 20 bytes. The length of an address vary because in Bitcoin's base 58 coding, leading 0 bytes are expressed as a single "1".

 

What is a private key encryption or what is meant by the term private key encryption?

In cryptography, a private key (secret key) is a variable that is used with an algorithm to encrypt and decrypt code. A private key is a tiny bit of code that is paired with a public key to set of algorithms for text encryption and decryption. It's created as part of public key cryptography during a symmetric-key encryption and used to decrypt and transform a message to a readable format. A private key is also known as a secret key.

 

How do I find my private key on blockchain?

  1. Log into your wallet and Blockchain.info
  2. Go to the 'Settings' Menu' on the Left
  3. Go to the 'Addresses' Submenu under 'Setting' Menu'
  4. On the right side find the section named 'Imported Addresses' 
  5. Click 'Manage Address'
  6. On the new screen find the address you want to export the private key from
  7. Click on the 'More Options' on far right side of the address
  8. Select Private key and then 'Continue'


Find out more at cryptoversal.com.

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