Key Management
Quick Answer
Key management is the process of generating, storing, and securing cryptographic keys for cryptocurrency wallets. Enterprise solutions include HSMs, MPC, and threshold signatures.
Full Definition
Key management is the process of generating, storing, distributing, and revoking cryptographic keys used to access and control cryptocurrency wallets. Proper key management is the foundation of blockchain security — whoever controls the private key controls the funds. Enterprise key management solutions include hardware security modules (HSMs), multi-party computation (MPC), and threshold signature schemes (TSS). Payment providers implement institutional-grade key management to secure merchant funds.
Related Terms
KYB (Know Your Business)
KYB is the compliance process of verifying a business entity's identity, ownership, and legitimacy before onboarding. Required by AML regulations for all crypto payment gateways.
KYC (Know Your Customer)
KYC is the regulatory process of verifying individual user identity before allowing access to financial services, with requirements varying by jurisdiction and transaction volume.