What is the difference between a Metamask address and a public key in the world of digital currencies?
Beatriz AndradeDec 27, 2021 · 3 years ago3 answers
In the world of digital currencies, what is the distinction between a Metamask address and a public key? How do they relate to each other?
3 answers
- Dec 27, 2021 · 3 years agoA Metamask address is a unique identifier used in the Ethereum network. It is generated from the corresponding public key and is used to receive funds and interact with smart contracts. On the other hand, a public key is a cryptographic key that is derived from a private key. It is used to verify digital signatures and encrypt data. While a Metamask address is derived from a public key, it is important to note that a public key alone cannot be used as an address in the Ethereum network.
- Dec 27, 2021 · 3 years agoWhen it comes to digital currencies, a Metamask address and a public key serve different purposes. A Metamask address is like your digital wallet address, which you can share with others to receive funds. On the other hand, a public key is part of the encryption process and is used to verify the authenticity of transactions. So, while a Metamask address is derived from a public key, they have distinct functions in the world of digital currencies.
- Dec 27, 2021 · 3 years agoIn the world of digital currencies, a Metamask address and a public key are closely related but not the same thing. A Metamask address is derived from a public key, but it is more than just the public key itself. It includes additional information and formatting to make it compatible with the Ethereum network. So, while a public key is a crucial component in the generation of a Metamask address, they are not interchangeable. Understanding the difference between the two is important for securely managing your digital assets.
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