An issue that needs to be discussed, however, is how the Law of Private Keys factors into these developments. Getty NurPhoto via Getty ImagesAdding some context to this technical conversation, the Law of Private keys is a crypto paradigm in which if an individual or institution does not self-custody private keys, the actual ownership of this crypto comes into question. Private keys are the unique identifier that – for some cryptocurrencies – are the only true proof of ownership that is available. To satisfy this Law, crypto holders would need to self-custody private keys; what does that actually mean? Highlighted by the rise of Coinbase, a centralized crypto trading and exchange platform that provides custody of private keys for platform users, this Law of Private Keys has seemingly been ignored by the majority of retail investors and media analysts.

Source: Forbes May 11, 2021 17:03 UTC