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The private key controls the address

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The private key controlling the address is a hugely critical concept in cryptocurrency, and people who lose access to their cryptocurrency, or have their cryptocurrency stolen, don’t understand this (see Figure 1-4). In this book, we won’t be going into detail about protecting private keys, but make sure you protect your private keys! Don’t lose them and don’t let other people discover them!


FIGURE 1-4: The cryptocurrency is associated with an address in the blockchain; the address is derived from the public key, which is associated with a private key … which is kept safe in a wallet.

Cryptocurrency Mining For Dummies

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