Personal Finance Essentials
Public and Private Keys
- Back to Crypto
- The Past: The History of Money
- What Motivated Satoshi to Invent Bitcoin?
- How Satoshi Invented Bitcoin
- How Bitcoin Works
- Why the Bitcoin Blockchain Requires Bitcoin
- Bitcoin Pizza Day: The First Commercial Use of Bitcoin
- How Blockchains Work
- The Problem of Double Presentment
- Two Ways to Authenticate Data on a Blockchain
- How Do We Know that Data on the Nodes are Authentic?
- Bitcoin was the First Digital Asset. Why Do We Need Any Other Coins?
- The Present: Blockchains Today
- Public and Private Keys
- Types of Crypto Wallets
- The Commercial Uses of Blockchain Technology
- The Future: Tokenization and the Future of Money
- The Risks of Digital Assets
Two Keys, One Rule:
Never Lose Your Private Key
Each digital signature consists of two identifiers: a public key and a private key.
You can share your public key with others, like you do with your email address. This lets others send you their digital assets, like bitcoin.
Your private key is your password; you need it to access and retrieve your assets from a distributed ledger. If someone learns your private key, they can steal your bitcoin. And if you lose your private key, you lose access to your digital assets forever.
