Decryption Key

A private key that unlocks encrypted data. Lose it, and your info stays locked forever. Protect it like your coins depend on it (because they might).

Related Terms

KYT (Know Your Transaction)

An extension of KYC. Instead of verifying the person, KYT focuses on monitoring transactions for suspicious behavior often used by exchanges and regulators.

KYC (Know Your Customer)

A mandatory process where financial platforms verify your identity by collecting personal information, like your name, ID, and address.