Private Keys
A private key is a secret number used in cryptography to secure digital information. It allows a user to access and manage their cryptocurrency or other encrypted data. Only the owner should know this key, as it is essential for signing transactions and proving ownership.
In the context of blockchain technology, a private key works alongside a public key. While the public key can be shared with others to receive funds, the private key must remain confidential. Losing a private key can result in losing access to the associated assets permanently.