Can someone access your digital assets if they have your public key?

8 answers

• Les SmithDec 19, 2020 · 5 years ago
  Having someone's public key does not automatically grant access to their digital assets. The public key is used for encryption and verification purposes, not for accessing the assets directly. To access someone's digital assets, you would need their private key, which should be kept securely and not shared with anyone. The public key is derived from the private key and is used to encrypt messages or transactions that can only be decrypted with the corresponding private key. This ensures that only the owner of the private key can access and control their digital assets.
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• karSep 14, 2024 · a year ago
  No, having someone's public key does not give you access to their digital assets. The public key is like a lock, and the private key is the key that can unlock it. When you send a transaction or message to someone, you encrypt it with their public key, and only they can decrypt it with their private key. So, even if someone has your public key, they cannot access your digital assets without your private key.
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• Martin QuintanaDec 03, 2022 · 3 years ago
  As an expert at BYDFi, I can confirm that having someone's public key does not grant access to their digital assets. The public key is used for encryption and verification purposes, but it does not contain any information that can be used to directly access the assets. To access someone's digital assets, you would need their private key, which should be kept secure and not shared with anyone. The public key is derived from the private key and is used to encrypt transactions or messages that can only be decrypted with the corresponding private key. This ensures the security and privacy of the digital assets.
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• KaaZonApr 12, 2024 · a year ago
  No worries! Having someone's public key doesn't mean they can access your digital assets. The public key is like a lock, and the private key is the key that can open it. When you want to send a transaction or message to someone, you use their public key to encrypt it, and only they can decrypt it with their private key. So, even if someone has your public key, they can't do anything without your private key. Keep your private key safe and don't share it with anyone!
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• Tom167TomDec 27, 2024 · 7 months ago
  Absolutely not! Having someone's public key doesn't give them access to your digital assets. The public key is used for encryption and verification purposes, not for accessing the assets directly. Your digital assets are secured by your private key, which should be kept confidential and not shared with anyone. The public key is derived from the private key and is used to encrypt transactions or messages that can only be decrypted with the corresponding private key. So, rest assured that your digital assets are safe as long as you keep your private key secure.
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• user23075189Sep 18, 2024 · 10 months ago
  No, having someone's public key doesn't mean they can access your digital assets. The public key is used for encryption and verification, not for direct access. Your digital assets are protected by your private key, which should be kept secret. The public key is derived from the private key and is used to encrypt transactions or messages that can only be decrypted with the corresponding private key. So, even if someone has your public key, they still need your private key to access your digital assets.
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• Edward RogerMay 11, 2021 · 4 years ago
  Having someone's public key doesn't automatically give them access to your digital assets. The public key is used for encryption and verification purposes, not for direct access. Your digital assets are secured by your private key, which should be kept confidential. The public key is derived from the private key and is used to encrypt transactions or messages that can only be decrypted with the corresponding private key. So, even if someone has your public key, they won't be able to access your digital assets without your private key.
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• Carlos GarciaNov 27, 2021 · 4 years ago
  No, having someone's public key doesn't mean they can access your digital assets. The public key is used for encryption and verification purposes, not for direct access. Your digital assets are protected by your private key, which should be kept safe and not shared with anyone. The public key is derived from the private key and is used to encrypt transactions or messages that can only be decrypted with the corresponding private key. So, rest assured that your digital assets are secure as long as you keep your private key confidential.
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