2.1. Crypto Wallets
In Module 1.1.2, we talked about wallets as the keyring to your crypto.
We explained that a wallet doesn’t actually store coins inside it. Instead, it stores your private keys, which are like secret passwords that prove your ownership and let you move funds.
Your public key, also known as your wallet address, is what you share when someone wants to send you crypto, like sharing your email address.
Your private key is what you keep absolutely secret, because it’s what allows you to actually spend or move that crypto.
This is called signing a transaction, which is like adding your handwritten signature to a document, confirming to the network that you really approve the transfer and that you own those funds.
We compared it to a mailbox. The public key is like your home address that anyone can see and send mail to. The private key is like the key to your mailbox; without it, you can’t open and retrieve your letters.
Before we jump into this module, I want to make it clear that I'm not encouraging you to buy crypto just yet, simply start experimenting with the tools and understanding them.
Last updated