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Definition
A private key is an encrypted series of letters and numbers that allows someone to access their cryptocurrency and spend or withdraw it in a transaction. It is like your bank account number.
Private Key
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Cryptocurrencies
Related Terms
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A type of encryption involving two keys: A private key A public key. A message that is encrypted with the...
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The public key is a cryptographic key which is used to encrypt a message. Unlike a private key, which is...
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Currency intervention occurs when one central bank or more buys (or sells) a currency in the foreign...
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Digital signatures verify the integrity of a transaction through public key cryptography. The signing...
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The Bank of England is the central bank of the United Kingdom. Sometimes known as the ‘Old Lady’ of...
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