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RE: How does blockchain technology work? Answering your questions

in #blockchain6 years ago

Hmm great insight, have always wondered how a Blockchain is run.

The second key is the private key. The private key is similar to a password. To send coins from a wallet you need that key, who ever has a wallet’s private key can move the coins to a different wallet.

My question is, what if you forget or lose your private key, how can you get access to your money? Thanks again @littlejoeward cheer @ogt

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Great question! The answer is simple, you don't. If you lose your private key, there is no way to get access to your coins.

Okay noted, thanks @littlejoeward

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