coingecko (thumbnail mini)
Continue in app
Track prices in real-time
coingecko (thumbnail mini)
Continue in app
Track prices in real-time

Private Keys

By CoinGecko | Updated on Mar 03, 2020
In public-key cryptography - one of the basis of cryptocurrency, digital keys are generated from a large random number through a cryptograhic key generation program to produce a private key and public key. In such a system, anyone can encrypt a message using the receiver's public key, but that encrypted message can only be decrypted with the receiver's private key. Private keys must be stored securely to maintain the safety of one's cryptocurrency. "not your keys, not your coins".

Share this with a friend!

Related Terms

Rug Pull
Sudden removal of liquidity which typically leads to asset prices crashing from the lack of liquidity to absorb buy/sells.
Token
Blockchain based unit of value issued by an organization, which grants token holders a right to participate in a network.
Dead Cat Bounce
Price rally that is short lived after a prolonged decline. Price charts will show a recovery in anticipation of a market turnaround only to decline further.
Soft Fork
A backward-compatible update to a decentralized blockchain protocol.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.