The beautiful thing about private key and it application in the cryptocurrency ecosystem

in hive-175254 •  last year  (edited)

In all that you are doing, especially if you are in the cryptocurrency ecosystem you should knows that life here is just too sweet. They are definitely a lot of things to learn when it comes, deals and relates to the cryptocurrency ecosystem and the blockchain at large. If you have been following up with my post you will see that I have through this great platform discuss about different cryptocurrency terms, if you haven't come across my blog please visit my page, it will help you in so many ways. You will be able to learn about some cryptocurrency terms and that will help you as your progresses forward in your cryptocurrency era, time or journey. If you go through my blog post you will see that they are alot of beautiful thing that the cryptocurrency ecosystem and the blockchain at large has to offer. Just like what I hinted above, you should knows that for you to up your game or hit apex height in the cryptocurrency ecosystem you have to make sure that you knows those different cryptocurrency terms and their applications. With all that, you will see and discover that you are waxing stronger and gradually growing to the best as you progresses in your cryptocurrency dream. One thing that I love above the cryptocurrency ecosystem is that if you are serious with what you are doing you will see that with the aid of the cryptocurrency ecosystem you can be able to achieve any goal that you think that ordinarily you can't achieve. This is just the power of the cryptocurrency ecosystem and the blockchain at large. It is so painful that right at this stage they are people out there who haven't keyed into the cryptocurrency ecosystem, they are definitely missing out and I hope that one day they will make the rightful choice by keying into the cryptocurrency ecosystem. Many keeps asking if their skills can be showcased in the cryptocurrency ecosystem, as for your information, the cryptocurrency ecosystem is a home to everything that you can think and imagine. Whatsoever thing that is your skills, don't be afraid to give cryptocurrency a try with such skills, the outcome will be something that you will be surprised about.

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What is cryptocurrency private key

Right now, let us forget about what I was just saying and dive into the cryptocurrency topic that I have at hand which is regarding the word Private key. The moment you hear the word private key you should knows that I am referring or talking about password. Before moving into the private key discussion properly we all should knows that we also have public key. The public key can be shared to any body and with it any body can use it to send you cryptocurrency token/coin. What I just said is one beautiful thing that I love about the public key. It can do the work of your wallet address. Any body that have your public key can't move money from your account irrespective of the public key in his custody. Funny enough, you can't try that with your private key, anybody that knows your private key, you should knows that you are in trouble.

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The private key is your secret key, it should not be shared around, it should be your secret key as any body that knows about it can simply hack into your account and move all your cryptocurrency holdings. This is why you should protect and treat your private key as if your life depends on it. It should be a sound warning to everybody out there, don't for any reason give your private key out. You should knows that any body with it owns your wallet account. The moment you think about private key, you should sees it as your password which you should not be sharing around. It is for you and with you only. You should knows that the private key can be used to reset your cryptocurrency wallet and it can also be used to do anything to your wallet account. This is why anybody with it, you should knows that your are in trouble as they can use it to move fund out of your cryptocurrency wallet.

When you own a cryptocurrency wallet you should knows that guiding it should be your basic and primary aim. You should guide the private key because of the work it can offers. Once again never let third party have it, the moment they do you should knows that you are in mess.

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I will end the post here, enjoy your new week.

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Explanatory post on private keys, we all should be very mindful of our private keys and protect them as much as we can. Like I always tell my friends, anyone with your private key has access to all your funds, so it is your responsibility to protect it.

Private keys are important and should never be shared with a third party, this warning my mentor gave to me upon joining the crypto space and I have adhered strictly to that rule, thanks for reminding us again.