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Cryto Wallet 101


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CryptoWallet functions:

1.  A "key holder Program( Public and Private).

2.A Private Key: allows you to access and control your crypto currency.

3. Digital Signature:  A way to prove you own a private key without having to expose the actual private key to potential bad actors(example hackers).

-- Never Ever share your private key with someone!!

4.  Broadcasting a transaction to the whole blockchain: A way to validate the transaction's authenticity.

5. Public Key:  a cryptographic code(GgPMGC3eNAF2edmkRJbLWT5KeWWpYXe7v3a) used to facilitate transactions between parties, allowing users to receive cryptocurrencies in their accounts. ... The public key is used to verify the digital signature, which proves ownership of the private. 

6. Digital Signing:(involves a transaction plus Private key)

5 A blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using this technology, participants can confirm transactions without a need for a central clearing authority(third party). Potential applications can include fund transfers, settling trades, voting, and many other issues.

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