Crypto Wallets Explained: Private & Public Keys in Hindi/Urdu 🔑
Learn how crypto wallets work, the difference between private and public keys, and their importance in securing your digital assets. Watch the full video for detailed insights and timestamps!
Haroon VOICE
816 views • Sep 4, 2022
About this video
How Crypto wallets work | 🗝🔐Private keys & Public Keys | Private aur Public key kya hai | Hindi/Urdu
TIMESTAMPS - See video for more details
0:00 Intro
0:38 Chapter 1 - What are Crypto Wallets? Crypto Wallets Kya hai?
1:37 Chapter 2 - What is Private/Public Key? Private aur Public Key kya hai?
3:11 Conclusion
4:01 Last word - What is Seed Phrase? Seed Phrase kya hai? ( mnemonic seed phrase)
A cryptocurrency wallet is a device, physical medium, program or a service which stores the public and/or private keys for cryptocurrency transactions. In addition to this basic function of storing the keys, a cryptocurrency wallet more often also offers the functionality of encrypting and/or signing information. Signing can for example result in executing a smart contract, a cryptocurrency transaction identification or legally signing a 'document'.
Private and public key generation
A cryptocurrency wallet works by a theoretical or random number being generated and used with a length that depends on the algorithm size of the cryptocurrency's technology requirements. The number is then converted to a private key using the specific requirements of the cryptocurrency cryptography algorithm requirement. A public key is then generated from the private key using whichever cryptographic algorithm requirements are required. The private key is utilised by the owner to access and send cryptocurrency and is private to the owner, whereas the public key is to be shared to any third party to receive cryptocurrency.
Up to this stage no computer or electronic device is required and all key pairs can be mathematically derived and written down by hand. The private key and public key pair (known as an address) are not known by the blockchain or anyone else. The blockchain will only record the transaction of the public address when cryptocurrency is sent to it, thus recording in the blockchain ledger the transaction of the public address.
Seed phrases
In modern convention a seed phrase is now utilised which is a random 12 to 24 (or even greater) list of dictionary words which is an unencrypted form of the private key. (Words are easier to memorize than numerals.) When online, exchange and hardware wallets are generated using random numbers, and a seed phrase is asked to be recorded by the user, hence when access to the wallet becomes misplaced, damaged or compromised, the seed phrase can be used to re-access the wallet and associated keys and cryptocurrency.
10 Crypto Security Tips before investing in crypto
https://www.youtube.com/watch?v=u10vXh0ODr4
What is blockchain? Blockchain kya hai?
https://youtu.be/2JVnMVbA6nE
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TIMESTAMPS - See video for more details
0:00 Intro
0:38 Chapter 1 - What are Crypto Wallets? Crypto Wallets Kya hai?
1:37 Chapter 2 - What is Private/Public Key? Private aur Public Key kya hai?
3:11 Conclusion
4:01 Last word - What is Seed Phrase? Seed Phrase kya hai? ( mnemonic seed phrase)
A cryptocurrency wallet is a device, physical medium, program or a service which stores the public and/or private keys for cryptocurrency transactions. In addition to this basic function of storing the keys, a cryptocurrency wallet more often also offers the functionality of encrypting and/or signing information. Signing can for example result in executing a smart contract, a cryptocurrency transaction identification or legally signing a 'document'.
Private and public key generation
A cryptocurrency wallet works by a theoretical or random number being generated and used with a length that depends on the algorithm size of the cryptocurrency's technology requirements. The number is then converted to a private key using the specific requirements of the cryptocurrency cryptography algorithm requirement. A public key is then generated from the private key using whichever cryptographic algorithm requirements are required. The private key is utilised by the owner to access and send cryptocurrency and is private to the owner, whereas the public key is to be shared to any third party to receive cryptocurrency.
Up to this stage no computer or electronic device is required and all key pairs can be mathematically derived and written down by hand. The private key and public key pair (known as an address) are not known by the blockchain or anyone else. The blockchain will only record the transaction of the public address when cryptocurrency is sent to it, thus recording in the blockchain ledger the transaction of the public address.
Seed phrases
In modern convention a seed phrase is now utilised which is a random 12 to 24 (or even greater) list of dictionary words which is an unencrypted form of the private key. (Words are easier to memorize than numerals.) When online, exchange and hardware wallets are generated using random numbers, and a seed phrase is asked to be recorded by the user, hence when access to the wallet becomes misplaced, damaged or compromised, the seed phrase can be used to re-access the wallet and associated keys and cryptocurrency.
10 Crypto Security Tips before investing in crypto
https://www.youtube.com/watch?v=u10vXh0ODr4
What is blockchain? Blockchain kya hai?
https://youtu.be/2JVnMVbA6nE
#publickey #privatekey #cryptowallets #privatekeykyahai #publickeykyahai #whatispublickey #whatisprivatekey #howtosecurecrypto #howtosecurebitcoin #bitcoinkyahai #ethereumkyahai #cryptokyahai #waqarzakacrypto #cryptowalletskyahai #whatarecryptowallets #Privatekeyscams #publicvsprivatekeyencryption #encryption #asymetric #symetric #cryptosecurity #bitcoin #ethereum #cryptowalletsforbegginers #metamask #whatisprivatekeyinmetamask #cryptowalletexplainedforbeginners #pakistanvsindia #mnemonic #seedphrase #seedphrasekyahai #whatareseedphrase
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Video Information
Views
816
Likes
38
Duration
5:15
Published
Sep 4, 2022