Storage: Crypto Wallets and Keys

Advertisement

 

 

 

Cryptocurrency is not physically “stored” anywhere; rather, the cryptographic keys needed to access and spend it are stored in a digital wallet.

 

Public Key: The wallet address visible to everyone, used to receive funds.

 

Private Key: A secret code that proves ownership and is required to authorize transactions. Loss of the private key means permanent loss of the funds.

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement