Difference between revisions of "Private keys"

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(Created page with "A private key allows complete access to your cryptowallet. It is usually a string of letters and numbers and must be kept secret for security.")
 
 
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A private key allows complete access to your [[cryptowallet]]. It is usually a string of letters and numbers and must be kept secret for security.
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Private keys are used for decryption and is kept private. In [[cryptocurrency]] transfer, the receiver decrypts the encrypted transaction from the sender using the private key. The process generally takes place in a [[cryptocurrency wallet]].

Latest revision as of 21:03, 16 March 2018

Private keys are used for decryption and is kept private. In cryptocurrency transfer, the receiver decrypts the encrypted transaction from the sender using the private key. The process generally takes place in a cryptocurrency wallet.