Public address

Public address

A public bitcoin address is a cryptographic hash of a public key. A public address typically starts with the number “1.” Think of a public address like an email address. It can be published anywhere and bitcoin can be sent to it, just like an email can be sent to an email address.

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    • Public key

      A string of letters and numbers that is derived from a private key. A public key allows one to receive Bitcoin.

    • Public receipt

      A message proving that the traded Bitcoin has been received and the trading or transaction is successful.

    • Ledger

      A physical or electronic log book containing a list of transactions and balances typically involving financial accounts. The Bitcoin blockchain is the first distributed, decentralized, public ledger.