Using public and private keys for Blockchain transaction

0 votes
Assume if you have those keys(Public and private keys)created residing in your laptop/mobile and while initiating a transaction how the keys will be associated with it?
Jun 20, 2019 in Blockchain by Tony
858 views

1 answer to this question.

0 votes
You need to provide the receiver's public key and your private key for initiating the transaction. It will validate if you are an authorized person by checking the correctness of private key. Once it is approved by the Cryptographic algorithm that the given private key is correct. It will now broadcast the message to all the nodes.  The person having a private key whose public key is sent by the sender can only decrypt the message.
answered Jun 20, 2019 by Will

Related Questions In Blockchain

0 votes
1 answer
0 votes
1 answer

Can we protect a Private Blockchain with a Public Blockchain and how?

I have recently reviewed Exonum framework (https://exonum.com/) ...READ MORE

answered Jun 19, 2018 in Blockchain by Perry
• 17,100 points
426 views
+1 vote
1 answer

Transaction using Blockchain wallet APi

Each transaction requires a fee to be ...READ MORE

answered Jun 19, 2018 in Blockchain by Perry
• 17,100 points
474 views
0 votes
1 answer

Truffle tests not running after truffle init

This was a bug. They've fixed it. ...READ MORE

answered Sep 11, 2018 in Blockchain by Christine
• 15,790 points
1,706 views
0 votes
1 answer

Hyperledger Sawtooth vs Quorum in concurrency and speed Ask

Summary: Both should provide similar reliability of ...READ MORE

answered Sep 26, 2018 in IoT (Internet of Things) by Upasana
• 8,620 points
1,237 views
0 votes
1 answer

Where does Hyperledger fabric store the public key and private key of the user?

It signs the transaction with its private key ...READ MORE

answered Apr 11, 2022 in Blockchain by Rahul
• 9,670 points
601 views
webinar REGISTER FOR FREE WEBINAR X
REGISTER NOW
webinar_success Thank you for registering Join Edureka Meetup community for 100+ Free Webinars each month JOIN MEETUP GROUP