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What is Public key & Private key?

Limitless BoostyFi Time:06-22-2019 Read:915

In block chain technology, a private key generates a unique public key through asymmetric encryption
 
Public key: An address that can be found on public network by EOS, and hackers cannot infer private key,so as to achieve the purpose of protecting account assets. (Because public key address is too long, it is shortened to 12bits account name in EOS)
 
Private key: Represents account ownership. Once lost or stolen, all assets in the account will be lost.
 
Pandoras App generates EOS public/private key pairs through EOS official open source code. When copying private keys, pay attention to distinction between them. Do not mix lowercase letter O and number 0. Do not perform network transmission, screen shots and other operations that easily lead to private keys being stolen.
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