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A Bitcoin transaction isn't valid without a signature. Signatures are a big component in preventing fraud on the network. And where do these signatures come from? Yup, private keys! Your private keys give you the ability to transfer your Bitcoin. This short video will introduce you to the basics of cryptographic signatures.
Source: Khan Academy, https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-digital-signatures This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License.
Last modified: Wednesday, 24 January 2024, 2:41 PM