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Difference between the Wallet Private Key and the Masternode Private Key


Brenda
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It’s important to understand what the masternode private key is used for. It does not give access to any funds in your wallet and it is not a ‘normal’ private key. 

The masternode private key allows the external wallet (on a Vitual PrivateServer,VPS) that runs the masternode software to be connected to the local wallet (often on your PC). The local wallet on your PC can then control the masternode (send start/stop commands to it). The masternode private keys are used to encrypt the messaging between the Network and the nodes (identifier).

A wallet private key allows you to access your coins in that wallet address, import the wallet address to a new wallet, and control the sending and receiving of coins.  Never share this private key with others!!!

 

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