Post
Topic
Board Beginners & Help
Merits 6 from 3 users
Re: Public vs. private keys
by
NeuroticFish
on 16/12/2021, 16:48:09 UTC
⭐ Merited by fillippone (3) ,Upgrade00 (2) ,ETFbitcoin (1)
Ok, now I'm more confused than before.  Huh

NeuroticFish, you say you use your address, not your public key,  but cygan says both are the same?
BTW, I haven't started yet, I have downloaded Exodus, and I'm now trying to download EToro, as it's said to be safer. Far as I know, both are non custodian wallets, right?

The bitcoin address is generated from the public key by using an one-way hashing function and by adding a checksum that helps preventing typing errors.
If you have patience, you can read here: https://www.oreilly.com/library/view/mastering-bitcoin-2nd/9781491954379/ch04.html
There's an nice image there too:




Exodus is not open source, hence it's better to avoid it.
I use Electrum and I'm very happy with it. It's the most mature light wallet for bitcoin. (just if you use it, make sure you get it from https://electrum.org/ and verify it https://bitcoinelectrum.com/how-to-verify-your-electrum-download/)