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The Secrets of Bitcoin Wallets and Private KeysA public address is the cryptographic hash of a public key, allowing the user to use it as an address to request payment. Public addresses are free to. Understanding addresses, public keys, and private keys is critical to understanding how cryptocurrencies work. A wallet address is a randomly generated set. Public Wallet Address: A public wallet address is like an email address for your Web3 wallet. It's a unique identifier that you share with others so they can.