Secret Key

Definition ∞ A secret key, also known as a private key, is a cryptographic string of data that grants its owner exclusive control over digital assets associated with a specific public key or wallet address. It is imperative to keep this key confidential, as its compromise allows unauthorized access and transfer of associated digital assets. This forms the bedrock of self-custody in digital asset management.
Context ∞ The importance of secret keys is frequently emphasized in news related to cryptocurrency security and user education. Discussions often highlight the risks of losing or exposing private keys, the consequences of phishing attacks, and the ongoing development of more secure key management solutions, including hardware wallets and multi-signature arrangements, to protect user funds.