A private key, also known as a secret key, is a cryptographic key that is used to decrypt or digitally sign data. It is a crucial component in asymmetric encryption algorithms like RSA and ECC ...

Losing a private key means losing access to Bitcoin permanently because there is no recovery system. For long-term storage, offline wallets like hardware devices or metal backups reduce risk exposure.

The bedrock of Bitcoin self-sovereignty is having control over your private keys. Without this, in one way or another, you are relinquishing control of your money to someone else. “Not your keys, not ...