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The blockchain address — your money’s home

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All the cryptocurrency in the blockchain is associated with addresses. Here’s one I just grabbed from the Bitcoin blockchain using the blockchain explorer at blockchain.com, for example:

1L7hHWfJL1dd7ZhQFgRv8ke1PTKAHoc9Tq

Trillions of different address combinations are possible, so this address is fundamentally unique. Now, where did this address come from? It came from a wallet that generated it from the private key. That wallet contains a public key and a private key.

The public key is associated with the private key; in fact, it’s created from the private key. The address is associated with the public key; in fact, it’s created from the public key. So, all three are mathematically, and uniquely, associated with each other.

Cryptocurrency Mining For Dummies

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