Cryptocurrency Wallets - Public and Private Keys (Asymmetric Encryption Animated) 

This channel should literally be required curriculum for high school students. Thank you for helping educate so many people about the Web 3.0 world

Great video. There is a problem with your example I like to point to. The problem you are trying to solve is actually a signing problem. As the name suggests, the public key is public. Everyone can reach it. So encrypting with your private key and sending the message only ensures that the message is from you ( just like bitcoin wallet and ... ). If you want to send a message that only your girlfriend can open, You must encrypt the message with her public key, then only she can open it using her private key. So there is two way to encrypt, with your private key - called signing the message ( ensures the message is from you ). Second with recipient public key ( ensures only the recipient can open the message ).

I ❤ Whiteboard Crypto, however, there are some VERY serious errors in this video. A public key is used for encrypting messages and the corresponding private key is used for decrypting messages. This is very important and the reason you never share your private key. Signing is a separate function (and sometimes done with a separate key-pair). A private key is used for signing and a public key is used for verifying.

I finally understand these 2 concepts. Thanks, awesome channel

"Imagine that you have a girlfriend" Ahh, I see you understand your target audience

I love you guys. It helped a lot. I've literally binged watched 100s of cryptography and hash functions videos before happening on this.

Please I need someone to help me trade or invest the forex or crypto market because I’m tired of trading in losses myself. I’ve blown my account twice and it’s frustrating…

"not your key not your crypto" best explanation ever

thanks for creating this brother

This was really helpful. Good content in easy way. Thank you

Great videos!

Great video. Thanks

The 2 minutes of content from ~5:40-7:40 is what people who don't know anything about blockchain need to see. That's the simplest answer to the question "why does it work?" The only thing missing is a statement about how this function should be a transparent piece of the software.

i love this channel so helpful

You are a master, my dear friend.

Hash functions are a beautiful invention

I used to understand public and private keys until I watched this. Now I’m back to ignorance again… LOL

Hey guys thank you so much for making this content! Can you make a video on shilling? I don't know what it is or anything about it but it seems to be a buzz word at the moment. Thanks for ur efforts 😊

Thank you for your content,no i need to get info how to generate private key for each blockchain that i have my crypto tokens 😉

The public key is for receiving the message. The private key is for reading the message or signing a message to send.

"Imagine you had a girlfriend" 5 seconds in and you already lost me.

If I understood everything correctly, then a private key can generate a lot of public addresses using an elliptic curve, let's say 10 pcs. Hence 2 questions: 1) If a hacker gets my private key, will he get access to all 10 addresses?? 2) In my electrum wallet, each address has its own private key. I don't understand how this correlates with the fact that one private generates a lot of addresses...

Imagine if you had a girlfriend... Way ahead of you buddy 😂😂

Does public key never change?

One thing I am not able to understand. If u are using the public key for reading messages, then people for whom it wasn't intended to read can read it as well right?? Then how will u prevent them from reading it??

I almost got all of it but I still got a question : What verify transaction ? and doesn't allow me to add some random transaction ? For exemple let say I am bob. Why I can add transaction like bill pay bob, John pay bob ans so on. I assume than only the one who pay can add transaction but how can we link the personne who pay the key that has been used to verify the transaction if it's meant to be anonymous ?

so juicy lmaoo

How to know if an exchange or site holds our private keys?

crypto is awesome

Still confusing (which part of the private formula is considered public?? the stamp - which appears uniquely independent to the transaction and unique number?? How can I read a public key and know that it comes from the correct private key/address/person?) Anyways, I'm still maddd appreciative for you guys cuz you are the best in explaining these concepts in laymen's terms 👍🏾😀

I get it.. but hoow?? I dont understand how you can verify the signature with the public key... How does that work.......

API Keys are different from Private/Public key. Can you please reply in detail.

how do the other person know the public key to verify the stamp ?

"imagine that you have a girlfriend" lmfao

Hahaha the analogy

Great video! Although I think you have private and public key switched…

ILOVE THIS CHANNEL HLOY SHIT

Public is to write and private key is to read? I think you have it the other way?

Please make a video about Hashgraph techonology

Imagine you have a girlfriend… And yeah, just imagine. no way you could get a real one

Who knew that whiteboard crypto dude was toxic lmao

Not quire the right example of Asymmetric encryption, not quite how the private and public key works.

Atlast i think you just misspelled public instead of priavte

You guys are so freaking awesome! Pls consider changing that childish animal thingy. I mean yeah it's super cute but it makes your channel look like it's not meant to be taken seriously :-/

Now I know why everyone is recommending you 👆👆 He's 💯 legit and reliable

why does this feel more about a cheating story than crypto? lol

The amount of hacker/scammers in this comment section is absurdly high.

bank account number & password, end ~

Lol,,,, sisies

Your explanation on key function was wrong

You talk way too fast, you should slow it down a notch when trying to explain new concepts to the public. Thanks!

Good example, just don't do this in real life with any girl 😅😅

public private is such a stupid name that's why it's so confusing. should be called lock and unlock key . you give people the lock key but only you have the unlock key

Very bad and confusing example. You make it way too complicated. I already know what asymmetric encryption is. I'm just trying to find a video to help my family understand. This video wont help them understand.

Confusing video

This is a very confusing explanation with your silly analogies.

what the hell is this cheating example, the one who wronte this garbage should be fired

Really bad example. Unsubscribing

Cheating 3.0

Now I know why everyone is recommending you 👆👆 He's 💯 legit and reliable

Now I know why everyone is recommending you 👆👆 He's 💯 legit and reliable