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Public & Private Keys: What a Wallet Really Is

A wallet does not "hold" coins — it holds keys. The public key is like an account/address; the private key is the password and signing power. Whoever has the private key owns the coins.

A wallet does not "hold" coins — it holds keys. The public key is like an account/address; the private key is the password and signing power. Whoever has the private key owns the coins.