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".
Related Terms
Proof of Work (PoW)
A consensus algorithm in which a block is validated via mathematical hashing
Automatic Replay Protection
Automatic Replay Protection refers to the upgrade implemented by Bitcoin Cash to stop the loss of funds from exchanges through replay attacks.
Crowdsale
This type of auction has a fixed price per token that is sold on a first-come-first-serve basis.
Liquidity
The ease of which cryptocurrency can be bought and sold without impacting the overall market price.
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