🔥 PVB #CRYPTOFACT | What is a 'private key' and why is it important to protect it? 🔥

💱 A private key is your secret code that gives access to cryptocurrency wallets. Its security is of colossal importance, as loss or leakage means loss of your funds.

🔒 Private keys are generated when creating a wallet and consist of long combinations of numbers and letters. Each transaction requires a signature from the key — without it, everything disappears like sand through fingers.

📊 Statistics are relentless: over 20% of all crypto assets are lost due to loss of private keys. This clearly demonstrates how important it is to safeguard them.

💡 Store private keys in secure places, such as hardware wallets. This creates a shield against hackers and fraudsters.

🚀 In the future, with the growing popularity of cryptocurrencies, security technologies will evolve. Expect new solutions to protect your assets.

📚 Learn more: on DZEN

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