
150. Web3: Demystifying the next generation of the internet
Inside the Strategy Room
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How Do You Store Your Private Keys?
How does someone actually hold a key that lets them access assets associated with the tokens? Is this a little like a password that you write down? Is it on a USB stick? And what's the best way to keep it secure? It's a really great question. A key is just a series of alphanumeric numbers. So a key could be on a piece of paper. A keys could be on your phone. There are different ways of doing that and holding private keys. Most of the institutional institutions are using very large, secure custodians. They will hold a small percentage of those keys if they need to transact in some sort of a warm or hot environment.
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