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Definition Public keyAsymmetric cryptographyKey pairPKC

Public-Key Cryptography

A system of paired keys where one key can be shared openly and the matching secret key is kept private.

The private key is a large random number and the public key is derived from it by elliptic-curve multiplication, an operation that is easy to perform and infeasible to reverse, so publishing the public key reveals nothing about the secret. Anyone can use the public key to check a signature, while only the holder of the private key can create one, which is how a network verifies that a transfer was authorized without any account registry. Bitcoin and Ethereum use ECDSA over the secp256k1 curve for transactions, and Ethereum's consensus layer uses BLS signatures over BLS12-381 because they can be aggregated into one compact signature for thousands of validators. Addresses are derived from public keys, so the public half is an identifier rather than a secret, and because there is no issuer there is no reset or revocation.

In practice

A wallet proves ownership of an address by signing a challenge message with the private key, and the verifier recovers the public key from the signature and compares the derived address.

The common misunderstanding

Sharing an address or public key does not put funds at risk; it cannot be reversed into the private key and it grants no ability to spend.

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Related terms

Address A string of characters identifying where digital assets can be sent, usually derived from a public…
Digital Signature Proof, produced with a private key, that the holder of that key approved one specific message such…
Private Key The secret number that authorizes spending from an address; whoever knows it controls the assets,…
Seed Phrase A list of ordinary words, usually twelve or twenty-four, that encodes the master secret from which…
Wallet Software or a device that stores private keys and uses them to sign transactions; it does not hold…
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