PRIVATE KEY

 


An aspect of a certain encryption technique that uses key pairs for the transfer of encrypted data. The private key decrypts encrypted messages into a readable format that only the intended party with the corresponding private key can access. Public and private key pairs are what allows for trustless transactions in cryptocurrencies where private keys act as passwords that grant users access to transfer cryptocurrencies associated with a certain public key.

Samsung Adds New Crypto Feature to Their Devices with “Stellar” Blockchain
Samsung device users can now securely store the private keys of their cryptocurrency wallet on their phone, with a recent add-on feature by the Stellar Development Foundation (SDF).

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