Crypto Terms:
Letter P
What is Public Address?
Meaning:
Public Address -
is a cryptographic hash of a public key that enables users to receive cryptocurrencies.
Let's find out Public Address meaning, definition in crypto, what is Public Address, and all other detailed facts.
A public address refers to the cryptographic hash of a public key. This enables users to utilize it as an address to receive cryptocurrencies into their accounts.
Everyone who owns cryptocurrencies such as Bitcoin or Ethereum is obligated to have a unique identifier or address.
distributed ledger<\/strong><\/a> that collects and stores transaction data in the form of blocks. As a result, a blockchain is formed by combining these blocks. <\/p>\n<p>The <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-timestamp/">timestamp is a fundamental feature that distinguishes one block from another. Note that, despite being publicly accessible, data stored on the platform cannot be changed once it has been validated.<\/p>\n<p>A consensus mechanism is used to validate transactions on a public blockchain. There are various types of consensus mechanisms. However, <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-proof-of-work-pow/">Proof-of-Work (PoW)<\/strong><\/a> and <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-proof-of-stake-pos/">Proof-of-Stake (PoS)<\/strong><\/a> are two of the most popular ones.<\/p>\n<p><strong>In comparison to<\/strong> <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-private-blockchain/">private blockchains<\/strong><\/a><strong>, a public blockchain provides more transparency and is more decentralized<\/strong> because anybody can join, and no one has authority over the entire system. Unfortunately, many public blockchains have slow transaction speeds and other scaling problems. Besides, a public blockchain is limited to only a few types of consensus mechanisms.<\/p>\n<p>However, private and public blockchains also have some similarities. They both store <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-immutable/">immutable data, rely on transaction <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-validator/">validators, and their <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-node/">nodes have an exact copy of their ledger.<\/p>","definition":"a blockchain that is fully accessible to everyone.","status":"published","meta_title":"What is Public Blockchain? Definition & Meaning | Crypto Wiki","meta_description":"Public Blockchain meaning: Public Blockchain - a blockchain that is fully accessible to everyone.","meta_keywords":null}"
:prev-section="{"id":1006,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Pseudorandom","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:01.000000Z","updated_at":"2023-10-10T13:34:25.000000Z","slug":"what-is-pseudorandom","title":"What is Pseudorandom?","section":"P","keyword":"Pseudorandom","content":"<p>Pseudorandom refers to the capacity of a specific function to produce a result that passes statistical randomness tests. In cryptography, <strong>pseudorandom generators (PRG) <\/strong>are utilized to generate random number sequences. PRGs enable <strong>the encryption of a large number of data blocks<\/strong> with data created from <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-private-key-secret-key/">secret keys<\/strong><\/a>.<\/p>\n<p>PRGs differ from true random number generators (TRNGs). TRNGs produce numbers using an unexpected physical mechanism, such as atmospheric noise. PRGs, on the other hand, <strong>employ mathematical algorithms, which are completely computer-generated.<\/strong><\/p>","definition":"a definite function's ability to yield an outcome that passes the statistical randomness tests.","status":"published","meta_title":"What is Pseudorandom? Definition & Meaning | Crypto Wiki","meta_description":"Pseudorandom meaning: Pseudorandom - a definite function's ability to yield an outcome that passes the statistical randomness tests.","meta_keywords":null}"
:model="{"id":636,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Cryptographic_hash_function","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-10-09T17:44:44.000000Z","slug":"what-is-public-address","title":"What is Public Address?","section":"P","keyword":"Public Address","content":"<p>A <strong>public address<\/strong> refers to<strong> the cryptographic hash <\/strong>of a <strong><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-public-key/">public key<\/a><\/strong>. This enables users to utilize it as <strong>an address to receive cryptocurrencies<\/strong> into their accounts.<\/p>\n<p>Everyone who owns cryptocurrencies such as <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin or <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum is obligated to have a unique identifier or address.<\/p>","definition":"is a cryptographic hash of a public key that enables users to receive cryptocurrencies.","status":"published","meta_title":"What is Public Address? Definition & Meaning | Crypto Wiki","meta_description":"Public Address meaning: Public Address - is a cryptographic hash of a public key that enables users to receive cryptocurrencies.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
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current-chapter="P"
current-section="what-is-public-address">
