How Does a Blockchain Address Function Similarly to a Public Key in a Certificate?
A blockchain address is derived from a public key and acts as the publicly known identifier for a user's wallet. In a digital certificate, the public key is bound to a verified identity.
Similarly, on a blockchain, the address is the destination for funds and the verifiable proof of ownership. Anyone can send funds to the address, and the owner can sign transactions using the corresponding private key, establishing a verifiable link between the public address and the private signing capability.
Glossar
Public Key
Address ⎊ The public key mathematically derives the wallet address used to receive funds, collateral, or option contract payouts on the blockchain.
Blockchain Address
Identifier ⎊ A blockchain address serves as the public-facing destination for receiving cryptocurrency or tokenized assets on a distributed ledger.
Public Address
Identifier ⎊ The Public Address serves as the unique, cryptographic identifier for a destination on a blockchain, analogous to a bank account number for receiving cryptocurrency funds.