For people that are new to blockchain: I noticed that Ivan uses the short form ‘PK’ for ‘private key’. However, when using ‘PK’ for ‘private key’ we run into an issue: ‘PK’ can also stand for ‘public key’. Therefore, it is much better to use ‘SK’ for the short form of ‘private key’ because a private key can also be called a ‘secret key’.
SK = secret key, also known as private key
PK = public key