Problem scenario
You have seen the initialism NYKNYC. What does it mean?
Solution
NYKNYC means “not your keys, not your coins” or “not your keys, not your cryptocurrency.” A private key is a non-tangible key that is not supposed to be given to other people. A public key is an address that may be given to other people.
You have to protect that private key because if anyone else gets their hands on it,
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