What Is A Private Key?

DWQA QuestionsCategory: BlockchainWhat Is A Private Key?
Editor Staff asked 1 month ago

What Is A Private Key?

1 Answers
Editor Staff answered 1 month ago

A private key is an alphanumeric phrase that is used in pair with a public key to provide encryption and decryption. It is part of cryptographic algorithms that are used in blockchain security. The key is assigned to the key generator and should stay with him only. If he fails to do so, anyone can access the details or data located within the wallet or the address for which the private key is assigned. You will face this type of interview question for a blockchain architect position.