![]() You want to make sure that no one knows the key. ![]() So why generate it anyway? Here are the reasons that I have: Mobile and desktop wallets usually also generate a private key for you, although they might have the option to create a wallet from your own private key. For example, if you use a web wallet like Coinbase or, they create and manage the private key for you. I will provide a description of the algorithm and the code in Python. Here, I will provide an introduction to private keys and show you how you can generate your own key using various cryptographic functions. ![]() And if you really want to generate the key yourself, it makes sense to generate it in a secure way. For this reason, you should keep it secret. The person who holds the private key fully controls the coins in that wallet. In cryptocurrencies, a private key allows a user to gain access to their wallet.
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