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What Happens When You Sign a Crypto Transaction (And What Could Go Wrong)

What Happens When You Sign a Crypto Transaction (And What Could Go Wrong)



This story was originally published on HackerNoon at: https://hackernoon.com/what-happens-when-you-sign-a-crypto-transaction-and-what-could-go-wrong.
Signing a crypto transaction gives approval and proves ownership, but rushing it can lead to costly mistakes if you’re not paying attention.
Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #cryptocurrency-investment, #crypto-wallet, #crypto-wallet-security, #crypto-security, #signed-transaction, #smart-contracts, #obyte, #good-company, and more.

This story was written by: @obyte. Learn more about this writer by checking @obyte's about page, and for more stories, please visit hackernoon.com.

In crypto, signing means using your private key to approve a transaction. Your private key stays hidden, but the signature you create shows that you are the owner of the wallet. One common mistake is signing something you don’t understand.


Published on 3 months, 4 weeks ago






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