As you may be aware, the ‘crypto’ in crypto-currencies refers to cryptography. In its simplest form, cryptography is a means of encoding or decoding information. The ‘keys’ themselves are actually a string of numbers that point to an address/wallet and identify the rightful owner.
Public keys are mainly used for circulation. It’s a cryptographic code that allows users to receive crypto coins or tokens.
If public keys are used to encrypt messages and transactions, private keys are used to decrypt them. That way, only people who have the private key can decipher the message sent. Here’s everything you need to know about private keys and find out why they are so important in terms of safeguarding your assets inside your BlockBank wallet.
