The Importance Of The Private Key

For cryptocurrency users who want to access their assets, a private key is essential. Wallet software often tries to shield users from the need to directly handle and understand private keys.

The concept of private key

A private key is a string of random characters that present a cryptocurrency inside a wallet. This is the key that allows you to spend your cryptocurrency and it should never be shared with anyone. The concept of a crypto private key is at the beating heart of Bitcoin, as well as the many thousands of digital currencies that followed. But because these coins and tokens are decentralised, keeping private keys safe is nothing short of essential. Losing a PIN isn't disaster because you can simply ask a bank for a new one, but misplacing a private key can mean that funds remain inaccessible forever.

Crystal Wallet is our go-and-go wallet for Bitcoin and Ethereum based tokens and allows you to hold your own private key.

Security of private key

Knowledge of a private key is the only verification needed to spend an electronic coin. Private keys should therefore be kept secret.
The role of a private key is to give anyone who knows the private key unrestricted access to the crypto asset (Bitcoin, Ethereum, etc) it represents. The private key by definition proves ownership of a crypto asset. In the physical world you use a pen to sign a cheque to authorise payment. In the cryptoverse the private key is used to sign a transaction and authorise payment. The difference being that the private key is encrypted, not publicly visible and authorises the transaction in the background - neither the sender nor the receiver see the private keys.

Keeping private keys secret is of paramount importance, therefore, we shall apply and provide modern technology that helps you use the platform conveniently.

How Secure Is Crystal Wallet?

Increased security has played a critical role in the cryptocurrency space until now. The current state of the market has dictated a stronger need for more secure transactions.In the crypto industry, security and personal privacy is commonly associated with protecting client funds. On the whole, this should always be a key priority. Crystal wallet affirms that all your data shall be kept private and any third parties can not access to this information. 

The sanctity of client data is our key priority

Unlike funds, information is unable to be reimbursed. Once personal files are out in the open – even if the culprit were to be caught – they can be used by nefarious actors to gain access to any customer’s other accounts, facilitate scams in his/her name, or carry out other criminal activities, including the creation of fake passport #moderation  to purchase on the dark web.
Identity theft is nothing new, of course, but up until recently it has been less of a concern in the crypto community than, for example, wallet security. The reason is that, so far, anonymity has been among the defining elements of cryptocurrency and blockchain in general.

Confidentiality

In fact, what’s unique about blockchain technology is that it makes it possible to record transactions on a publicly auditable ledger, accessible to everyone, while at the same time allowing for a high degree of privacy.

There is much adversity during the protection process of customer data, therefore, we shall make all efforts to ensure that Crystal Wallet app is a designed secure app that leverages the blockchain and everything is under control.

Greet to Crystal Wallet A Secure & Trusted Crypto-Wallet

Crypto hard wallet is truly familiar to people who purchase and exchange cryptocurrencies. A cryptocurrency wallet is an app that allows cryptocurrency users to store and retrieve their digital assets. As with conventional currency, a purchaser does not need a wallet to spend your cash, but it certainly helps to keep it all in one place. When a user acquires cryptocurrency, such as bitcoin or ethereum, they can store it in a cryptocurrency wallet and from there use it to make transactions.

Our vision for 2020

Crystal Wallet is reaching its target of connecting the way between blockchain technology and community with a simple, secure and powerful digital asset management application. 

Unlike digital fiat currency which is issued by a central bank and governmental regulation, cryptocurrency is decentralized. The more valuable the transaction, the more you want to protect it. Traditional systems hire a mediator, such as a banker or a remittance company to ensure trust. Crystal Wallet had a different solution:

“Crystal platform has kept a mental record of who owned what and referred to this distributed community record when disputes arose. The blockchain is this community record on a wider, digital scale. It extends across the globe, with computer users from Baltics countries in particular and so forth where each node in the network records and verifies the data of each transaction that occurs within the network. Records are permanent, comprehensive and public – which is why users are fancy of the blockchain for eliminate questionable or risky transactions. The blockchain is what makes this possible. Where centralized servers carry the risk of intentional tampering and cyber attacks, blockchains can eliminate these problems, making it a revolutionary technology indispensable for the future. We have expanded and are aiming that our outreach will be up to millions of users from a large number of countries with the target of becoming the world’s large cryptocurrency wallet.”

Top advantages of owning a mobile-based crypto-wallet

There are a colossal number of different crypto wallets out there. Each serves a specific purpose and trading strategy. For example, hardware wallets are more ideal for people holding a significant amount of altcoins as they are the most secure but they can be a bit exorbitant.

Crypto-currencies are stable coins which don’t suffer from inflation due to its efficiency and sustainability. With a crypto-wallet, you can easily move your wealth and savings to the digital space for safekeeping. And, because they are available through blockchain, you can easily access them through your phone or computer from anywhere across the globe. Of course, as long as you have access to the internet.

Multi-chain support along with robust tokens management allow blockchain technology to integrate with your life seamlessly. Protecting private keys is the most reliable way to increase a blockchain system’s security. A successful blockchain system needs highly reliable methods of strong key protection, therefore, your wallet would be guaranteed and remained in decentralised, smart and secure statements.

You can download Crystal Wallet App on The Appstore to have a good experience.

Crystal Brings You Exceptional Experience

Today, we live in a highly competitive era and in a bid to be at the top, some companies focus on their products and others pay attention on customer services. However, Crystal company believes that if a company wants to be a leader of a particular field, products as well as customer services must be developed simultaneously.

Understand that myth of business, since the beginning, Crystal company did focus on both factors for betterment. Let’s have the detailed look at the list below:

1. Content marketing services

Content is Crystal’s strength with professional writers and editors. Indeed, we’ll make it easy for customers to create high-quality content on time efficiently as well as value the finance part.

2. High compatibility

More than half of worldwide online activities come from the usage of portable devices. Each website that we design is developed with portable devices in mind so that you can access them with ease and be delighted they function properly on any screen size.

3. 24/7 assistance

Our experienced support team is always available. Thus, in this way, the swift response time between the client and our prepared members is efficiently achieved to fit your needs immediately.

To sum up, in the process of developing a business, it is imperative that a firm concentrates on products along with customer services right at the beginning as Crystal did.