Totally private jurisdiction does not exist, finance is basically a near universal reason in the world for a state to look into your Business, the days of swiss banking are long dead. Regardless, you still have options
now the problem is lets say person A wants to send message to me a hacker person B, pretends to be me, and interferes in the transaction and, instead of showing my public key to A, the hacker interferes, and show's hackers public key to A now if A encrypt the message, (thinking its my public key, but actually not mine) , the hacker can decrypt it how it this situaiton handled?
Basically yes, but if you still have the seedphrase (which are 12 or 24 words usually)you can generate the same private key again and get access to your coins
@@drxstudio1473 It isn't really, almost all wallets give you this seedphrase when creating a new wallet, also called backup phrase or recovery. You just have to write it on a piece of paper and store it securely
Thank you sharing
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Superb explanation. Tangem wallet, one of the best at the moment in my opinion.
Why do you feel so
Whats the difference between private key and seed phrase?
Seed pharse is used to derive different private keys
What is known to transact any form of funds be it fiat currency or crypto that exists in a totally private jurisdiction when transacting your money?
Totally private jurisdiction does not exist, finance is basically a near universal reason in the world for a state to look into your Business, the days of swiss banking are long dead. Regardless, you still have options
How can log in why I don't have the account
now the problem is
lets say person A wants to send message to me
a hacker person B, pretends to be me, and interferes in the transaction
and, instead of showing my public key to A, the hacker interferes, and show's hackers public key to A
now if A encrypt the message, (thinking its my public key, but actually not mine) , the hacker can decrypt it
how it this situaiton handled?
If i understand correctly this means if you forgot your private key you just lost all of your money with it and it can not be regenerated or restored?
Basically yes, but if you still have the seedphrase (which are 12 or 24 words usually)you can generate the same private key again and get access to your coins
@@tougee wow this sure sounds complicated
@@drxstudio1473 It isn't really, almost all wallets give you this seedphrase when creating a new wallet, also called backup phrase or recovery. You just have to write it on a piece of paper and store it securely
Yes🗿
I have private key but I can't send my funds..why..private keys need any app..?@@tougee
Win plis
Do we need to buy private key or public key ?
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bitcoin
heheh