Wallet / Private key
Users store digital assets in a “wallet” on the blockchain. This is simply an address with which their funds are associated.
To access their wallet, users need to use a number called a “private key. Anyone with access to a wallet’s private key can move assets from it, so it is vitally important that private keys are stored safely!
Fundamentally, owning a digital asset means owning the private key that allows it to be moved – hence the saying, “Not your keys, not your crypto.”
Nash offers funds management tools that make it easy to interact with wallets on multiple blockchains. We present all your wallets as part of a single “personal wallet”. However, Nash does not control your private key at any point: we store an encrypted form of your key, with the key being decrypted for use only on your personal computer.
On the surface, our interface is similar to that of a centralized exchange or online bank – but with Nash, you are custodian of all the funds you see. We just make it easy for you to interact with them.