{"id":4135,"date":"2020-09-21T16:15:23","date_gmt":"2020-09-21T16:15:23","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=4135"},"modified":"2020-09-21T16:16:44","modified_gmt":"2020-09-21T16:16:44","slug":"private-keys-and-wallets-ledger-the-ultimate-choice","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/private-keys-and-wallets-ledger-the-ultimate-choice\/","title":{"rendered":"Private keys and wallets: Ledger the ultimate choice"},"content":{"rendered":"

Hot wallets and cold wallets both have some benefits, but their disadvantages cannot be ignored. A reliable solution to it will be Ledger<\/a>, a hardware wallet.\u00a0<\/i><\/strong>
\n\"Back<\/a>
\nWhen you hear the term Blockchain, what image comes to your mind first? If you judge the term by its literal meaning, it will translate to a chain of blocks. But we can\u2019t judge a book by its cover, and this interpretation does not make any sense. So, what is Blockchain? <\/span><\/p>\n

It is a technology that consists of decentralized data blocks that contain information about cryptocurrencies<\/a> and their owners. People who own these assets are often worried about the security, privacy, and control of this information. How can the owners have control over all their digital assets? They can do that using private keys.\u00a0<\/span><\/p>\n

What are these private keys?\u00a0<\/i><\/b><\/h4>\n

Private keys are used to protect this vital data from security hazards by encrypting it. People who want to learn what is inside the block has to decrypt it. This is also done using these keys.\u00a0<\/span><\/p>\n

As the name suggests, these keys are private and should remain so. So, it would be unwise to share them with others. Also, you need to keep them safe, because if they get lost, you cannot retrieve them back. If some criminal gets his hands on these keys, they will be in charge of your crypto assets.\u00a0<\/span><\/p>\n

How would you make sure that doesn\u2019t happen?\u00a0<\/i><\/b><\/h4>\n

You have to create and store these keys properly. Usually, there are two ways of doing so. These are:\u00a0<\/span><\/p>\n