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 Сryptocurrency exchanges => Binance - Сryptocurrency exchanges => Topic started by: Bitcoin on Feb 28, 2022, 05:15 pm

Title: What happens to the public and private keys after a transaction? Specifically, how (and why) do they change upon payment?
Post by: Bitcoin on Feb 28, 2022, 05:15 pm
What happens to the public and private keys after a transaction? Specifically, how (and why) do they change upon payment?

Feel free to answer/address as many of these topics as you like:


In particular, I am interested in how bitcoins can be stolen, e.g., the 2016 Bitfinex hack. If I am not mistaken, the only way to steal bitcoins is to obtain the individual's private key. What I do not understand is how and why the public and private keys change after each payment. Is this because the private key is needed to verify the payment, thus, once verified, a new one must be generated as the previous one is now known by others? How are new keys generated - by the miners, or something else? Are they related to the previous keys in any way?


Source: What happens to the public and private keys after a transaction? Specifically, how (and why) do they change upon payment? (https://bitcoin.stackexchange.com/questions/112629/what-happens-to-the-public-and-private-keys-after-a-transaction-specifically-h)