The role of public keys in cryptocurrency safety: Cardano (ada) fighting

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Cryptocurrencies have changed the revolution of how we think about money and financial operations. With the appearance of cryptocurrency blockchain technology, such as Bitcoin and Ethereum, they have acquired broadly as exchange means. Despite the growing popularity of cryptocurrencies, they still face the main security challenges.

One of the most important aspects of cryptocurrency safety is the use of public keys known as private keys or addresses. These keys are used to approve blockchain operations and access access to specific assets. In this article, we will examine the role of public keys in cryptocurrency safety and examine how Cardano (ADA) uses public keys to increase the safety of its platform.

What are public keys?

The blockchain network contains a unique public key for every user who is their digital identity. This public key is used to confirm the operation and control access to specific network resources. The private key, also known as the phrase of seeds or recovery, is used to create many addresses and new coins.

How do public keys work

When the user sends cryptocurrency from one address to another, he must be checked by blockchain nodes (i.e. computers confirming operations). To check the operation, the node must get a public key. If the sender’s public key corresponds to the recipient’s public club, he is considered important and surgery may occur.

Problem with public keys

However, there are some security problems with public keys:

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• Private key : Private keys can be stolen by fraud, social engineering or other funds.

Cardana’s attitude

Cardano has created a new approach to protecting cryptocurrencies, using public keys to relieve this risk. Thanks to extensive experience in developing and implementing large blockchain systems, Cardano is able to create stronger and resistant security protocols.

One of the main features of Cardan’s point of view is the use of
zero knowledge (ZKPS) . ZKP gives users the opportunity to prove the validity of operations without revealing their personal keys. This allows blockchain to ensure a safe and effective surgery examination without disclosing the influx of information.

How Cardano uses public keys

Cardano uses public keys in several ways:

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• This is useful in the case of blockchain, secure data processing and operations.

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Application

Cryptocurrencies are still developing, and security remains one of the most important challenges. Thanks to the experience in developing large blockchain systems, Cardano can create stronger and resistant security protocols. Public keys play an important role in these protocols, ensuring safe foundations for operational control and property management.