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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".

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Related Terms

Block Height
A number that is used to indicated the position of a particular block within a blockchain
Centralized
An organization structure wherein a small handful of actors have control over the entire network.
Atomic SWAP
Atomic Swap refers to the exchange of cryptocurrencies that operate in different block chains without intermediaries\
Bounty
Public tasks available for anyone for a reward
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