Cryptionary

Private Key

1. noun

A cryptographic key used to derive public keys and sign transactions.

2. noun

Private keys come in a variety of forms ranging from alphanumeric strings to a pass-phrase. Regardless of form, the functions of a private key is identical: to generate public keys for receiving funds, and to sign transactions for spending funds. A transaction that is not signed cannot be completed and funds will remain where they are.

3. security

Loss of a private key means permanent loss to the funds that are in the addresses associated with the private key. Conversely, anyone who has a private key has full control of all the funds in the corresponding addresses and can send the funds freely

* All terms and definitions may update as the Cryptionary improves.

All terms

Locktime Majority Attack Market Cap Market Order Masternode Maximalist Maximum Supply Mempool Mining Mining Pool Minting Baton Mnemonic Mooning 🌕Multi Signature Node OP_RETURN Opcode Orphan Premining Privacy Coins Private Key Proof of Stake Proof of Work Public Key Pump and Dump Rekt Replace By Fee Satoshi Nakamoto Satoshis Schnorr Signatures SegWit SHA-256 Shill Shitcoin Simple Ledger Protocol Simplified Payment Verification Stop Limit Order Testnet Token Total Supply