Hey!
In the latest video on Whiteboard Crypto, we explain how asymmetric encryption works using a risque example.
Essentially, cryptocurrency wallets have 2 keys.
One is public, one is private.
The public key is like a paypal address, and the private key is like the password.
Anyone with your public key can send you money and also check all of your transaction to make sure they are valid. Whoever has the private key can create transactions and verify that they want to send them by "stamping" them.
Also, your private key can regenerate your public key if you ever forget it, but it is infeasible for someone to stamp any transactions for you without having the private key.
Asymmetric encryption is a complicated topic and most people explain it with math and code, but there is a large group of people who don't even understand how or why it works on a basic level.
