Glossary

Private Key

A secret alphanumeric code that grants ultimate control and ownership over cryptocurrency funds.

What is Private Key?

A secret alphanumeric code that grants ultimate control and ownership over cryptocurrency funds. Lygos Finance's non-custodial DLC structure ensures you never hand over your private keys; you maintain full cryptographic authority over your Bitcoin while accessing $50K-$50M in liquidity.

Full Definition

A private key acts as the digital signature necessary to spend or transfer assets on a blockchain. It is mathematically linked to a public key but cannot be reverse-engineered from it. Whoever possesses the private key owns the associated funds, making its protection the single most important aspect of crypto security.

How Lygos Uses This

Lygos Finance's non-custodial DLC structure ensures you never hand over your private keys; you maintain full cryptographic authority over your Bitcoin while accessing $50K-$50M in liquidity.

Why this matters for borrowers

Understanding Private Key helps you assess the real risks of Bitcoin lending. The difference between custodial and non-custodial models isn't just marketing. It's the difference between trusting a company and trusting cryptography.

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