September 22, 2023
367
1 minutes of reading
Secret key in cryptocurrency
One of the most important elements that ensures the security of user funds. It is used to sign transactions and protect against unauthorized access to the wallet. The private key is part of a cryptographic key pair in asymmetric cryptography, where the key pair consists of a private key and a corresponding public key. The private key must be kept secret as it is used to sign transactions and authorize operations on the blockchain network. Leakage of the private key may result in loss of funds or unauthorized access to the wallet.