Glossary1 min read

Private key

A secret value used to create digital signatures that authorize actions for a blockchain account or output.

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Definition

A private key is a secret number used by cryptographic software to produce a signature. The network can verify that signature using related public information without learning the private key.

Simple example

A wallet signs a transaction locally, then broadcasts the signed transaction. The private key should not be included in the broadcast.

Often confused with

A private key is not the same as a password to a custodial account. A seed phrase can derive many private keys.

Source

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