🔑 Private Key Management

Your private keys are your most valuable possessions in the blockchain space. Private keys hold information as to how many blockchain assets you have and what you can spend. If you lose your private keys or are compromised, you will never be able to get your coins back. Therefore, the most important part of working with blockchain and distributed ledger technology is securing your private keys.

CoinBox Finance Using Tatum KMS, an external tool to securely generate and store private keys and use them to sign transactions locally. This is the safest and most recommended way of working with private keys. The Tatum KMS was installed in the Deny-From-All environment to meet the highest security standards. It stores private keys on Azure HSM. The Tatum KMS only communicates with the Tatum API to fetch the pending transactions to sign. After successfully signing and broadcasting transactions to the blockchain, it marks the pending transaction as complete and adds the final broadcasted transaction ID.