Definition ∞ Cryptographic Possession signifies verifiable control over a digital asset or a segment of information, secured by the exclusive knowledge of a private cryptographic key. This control is mathematically proven through the ability to sign transactions or decrypt data associated with the asset. It represents direct ownership and management without reliance on third parties. This forms the basis of digital asset security.
Context ∞ Cryptographic possession is a fundamental concept in digital asset security, directly correlating with the ability to spend or transfer cryptocurrencies and non-fungible tokens. News often reports on the critical importance of safeguarding private keys, as their loss or compromise typically results in irreversible asset forfeiture. The security practices surrounding cryptographic possession are a constant focus for users and service providers alike.
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