What Is a Public Key

A public key is a cryptographic code that allows users to receive cryptocurrencies into their accounts. The public key and the private key are the tools required to ensure the security of the crypto economy.

What Is a Private Key?

A private key is a secret number that is used in cryptography, similar to a password. In cryptocurrency, private keys are also used to sign transactions and prove ownership of a blockchain address.

Understanding Block Time

Block time can be defined as, the average amount of time it takes for the hashing (computational) power of the network (nodes) to find a solution to the current hash and create a new block.

Understanding Blocks

Blocks are where transaction data is stored in a blockchain. Each block has a hash that uniquely identifies the information contained within the block.