Definition ∞ A key management system is a specialized infrastructure designed to securely generate, store, distribute, and revoke cryptographic keys. These systems are fundamental for protecting digital assets, securing communications, and verifying identities in blockchain environments. Effective key management is a critical security component for any digital asset operation.
Context ∞ Discussions about key management systems are central to cybersecurity in the digital asset industry, particularly concerning the security of private keys controlling significant wealth. The choice between centralized, decentralized, or hybrid key management solutions is a constant debate among platforms and users. News often highlights the consequences of poor key management when security incidents occur.
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