Managing private keys from "summary" of The Basics of Bitcoins and Blockchains by Antony Lewis
Managing private keys is a critical aspect of using cryptocurrencies securely. When you own cryptocurrencies, what you really own is a private key. This key allows you to access the cryptocurrency associated with it. It is like a password that unlocks your digital assets. Private keys need to be kept secret at all times, as anyone who knows your private key can access your funds. If someone gains access to your private key, they can transfer your cryptocurrencies to their own wallet without your permission. Therefore, it is crucial to keep your private key secure and private. There are different ways to manage private keys, each with its own pros and cons. One common method is to store private keys in a digital wallet. Digital wallets can be online, offline, or hardware-based. Online wallets are convenient but can be vulnerable to hacking....
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