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Quantitative Finance · Glossary

What is Private key, token?

Also known as: private key · token

Definition 14.4 Markets III: Commodities, Energy and Crypto · Chapter 14 — Blockchains for Traders

A private key is the secret number whose signature authorises transactions from an address; whoever holds it controls the address’s assets. A token is a transferable unit recorded by a blockchain: the chain’s native coin, or a unit whose balances a program on the chain keeps.

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