Anyone who knows anything about crypto safety and security will have heard of the mantra “not your keys, not your coins”.
For those who really care about securing their crypto, it’s imperative to maintain control of your private key – a randomly generated string of letters and numbers that provides access to your crypto wallet. Those who don’t control the keys do not control their funds, as customers of the popular crypto exchange FTX recently found out. Anyone who leaves their crypto in an exchange account is essentially trusting that platform to hold onto their funds for them – and that clearly isn’t a good idea.
But as foolish as it is, people continue to trust cryptocurrency exchanges. That’s because so-called non-custodial wallets have indirectly caused the loss of an estimated $100 billion worth of Bitcoin alone, due to people losing their private key and being unable to access their funds.
It’s no joke, as Briton James Howells discovered back in 2013 when he
We współpracy z: https://cryptodaily.co.uk/2022/11/the-solution-to-crypto-private-key-management-has-arrived
