Cardano Key Pairs | Cardano Developer Portal (2024)

It's critical to understand the numerous cryptographic key pairs connected with Cardano, as well as the purpose of each key pair and best practices for securing those keys, before you start working with it. Every ambitious Cardano developer and stake pool operator should get a complete grasp of these key pairs, as well as the ramifications of a single secret (private) key being hacked. Any Cardano developer or stake pool operator must learn how to manage, safeguard, and store private keys in order to succeed.

Cardano cryptographic keys are made up of ed25519 key pairs, which include a public verification key file and a secret (private) key file. The public key file is commonly referred to as keyname.vkey, whereas the private key file is referred to as keyname.skey. The private key file, which is used to sign transactions, is extremely sensitive and should be adequately safeguarded. Under all circ*mstances, this entails limiting third-party access to your private keys. The most effective technique to prevent private key exposure is to guarantee that the necessary private key is never held for any length of time on any internet-connected machine (hot node). Please note that key pair filenames are completely random and can be named whatever you want.

danger

Use extreme caution to avoid losing or overwriting secret (private) keys.

Wallet address key pairs

Currently, Cardano wallet addresses only have two parts: a payment address and a counterpart staking address. A payment address (together with its associated key pairs) is used to store, receive, and send money. A stake address (and related keys) is used to store and withdraw rewards, as well as to define the stake pool owner and rewards accounts, as well as the wallet's target stake pool delegation.

payment.vkeyis the public verification key file for the payment address (not sensitive; may be shared publicly).

payment.skeyis a highly sensitive payment address secret (private) signing key file. The private signing key file gives you access to monies in your payment address and should be kept safe at all times.

danger

Never place payment signing keys on a hot node.

stake.vkey - stake address public verification key file (not sensitive; may be shared publicly).

stake.skey - It is a sensitive stake address secret (private) signing key file. This private signing key file gives you access to any awards cash held in the stake address, as well as the ability to delegate the wallet to a pool. It's also a good idea to keep an eye on the stake.skey.

payment.addr - This is a Cardano wallet payment address that is usually generated with the help of both a payment.vkey and a stake. As inputs, use the vkey file. If a payment address is merely going to be used to send and receive money, no crucial components need to be staked. In addition, there is a single payment. Multiple unique stake.vkey files can be coupled with vkey to establish different payment addresses that can be staked independently.

stake.addr - stake address for a Cardano wallet and is generated using the stake.vkey file

Cardano stake pool key pairs

Stake pool cold keys

cold.skey - secret (private) signing key file for a Cardano stake pool (extremely sensitive). The cold.skey is required to register a stake pool, to update a stake pool registration certificate parameters, to rotate a stake pool KES keys and to retire a stake pool.

cold.vkey - public verification key file for a stake pool's cold.skey private signing key file (cold.vkey is not sensitive; can be shared publicly).

cold.counter - incrementing counter file that tracks the number of times an operational certificate (opcert) has been generated for the relevant stake pool.

danger

Always rotate KES keys using the latest cold.counter.

VRF hot keys

vrf.skey - secret (private) signing key file for a Cardano stake pool's VRF key (required to start a stake pool's block producing node; sensitive but must be placed on a hot node in order to start a stake pool).

vrf.vkey - public verification key file for a Cardano stake pool's vrf.skey (not sensitive and is not required to start a stake pool's block producing node).

KES hot keys

kes.skey- secret (private) signature key file for the stake pool's KES key (needed to start the stake pool's block producing node; sensitive, but must be placed on a hot node to start a stake pool and rotated on a regular basis). KES keys are needed to establish a stake pool's operating certificate, which expires 90 days after the opcert's defined KES period has passed. As a result, fresh KES keys must be generated along with a new opcert every 90 days or sooner for a Cardano Stake pool to continue minting blocks.

kes.vkey - public verification key file for a Cardano stake pool's corresponding kes.skey (not sensitive and is not required to a block producer).

References

  • CIP 19 Cardano Addresses
Cardano Key Pairs | Cardano Developer Portal (2024)

FAQs

How do I find my Cardano stake key? ›

How To Find Your Cardano Stake Key
  1. Click on “Staking”. The staking icon is located in the left sidebar of the Daedalus app.
  2. Click on the “Rewards” tab to view and copy your stake key.
Mar 21, 2024

What is Cardano's public key? ›

You can set up a new Cardano wallet, which involves creating a public and private key. This public key can be used to receive ADA. However, as its name suggests, the private key is something that should be kept secret, and is only used for digital signatures in transactions that are added to Cardano's ledger.

How to become a Cardano developer? ›

Learn Functional Programming and Haskell

To become a proficient Cardano developer, it is essential to grasp the fundamentals of functional programming and gain expertise in Haskell. Start by learning the basics of functional programming concepts such as immutability, purity, higher-order functions, and recursion.

What coding does Cardano use? ›

Plutus is the native smart contract language for Cardano. It is a Turing-complete language written in Haskell, and Plutus smart contracts are effectively Haskell programs.

What coins are associated with Cardano? ›

Then read our Top 10 Cardano Coins of 2023 below.
  • Cardano (ADA) Cardano (ADA) is a cryptocurrency used for transactions on Cardano's network. ...
  • Minswap (MIN) Minswap (MIN) is a decentralised exchange that uses an Automated Market Maker (AMM). ...
  • SundaeSwap (SUNDAE) ...
  • Empowa (EMP) ...
  • MELD (MELD) ...
  • ADAX (ADAX) ...
  • Ardana (DANA) ...
  • CARD.

Where is best to stake Cardano? ›

Kraken is one of the best places to stake ADA (Cardano) because it is one of the best crypto exchanges and is user-friendly for beginners. On this exchange, you can buy more than 50 tokens and you can stake 10 tokens including ADA. It is easy to stake with Kraken and the rewards are also significant at 4-6 percent.

What is Cardano token info? ›

The ADA-token

The Cardano blockchain can be used to build smart contracts and, in turn, decentralized applications and protocols. Cardano aims to solve many of the current issues in the blockchain industry, including through: Using mathematics to provide a provably secure blockchain that is less susceptible to attacks.

How does Cardano proof of stake work? ›

In proof of stake, the creation of new blocks is performed by validators who are chosen based on the number of coins they are willing to “stake” as collateral. Essentially, ADA holders can participate in staking to help validate transactions, add new blocks to the blockchain, and thereby keep the network secure.

Why will Cardano fail? ›

Regulatory scrutiny and significant advancements in layer 2 blockchain technology further threaten the progress of projects building on Cardano. While Cardano was built to address the shortfalls of competitors like Ethereum, it has struggled to gain any significant level of adoption.

Is wallet address the same as public key? ›

It is important to note that a public key is not the same as a wallet address, as some people may believe. A public key is part of the wallet address and is used to facilitate transactions, while a wallet address is used to identify a destination for cryptocurrency transactions.

How to find public key crypto? ›

Step-by-step instructions to find your Extended Public Key

Select your BTC / BCH / ETH or other cryptocurrency wallet. Tap on the small settings icon (three dots) in the top right. Select "Wallet Information." Tap on the "Extended Public Key" to copy it.

How much do Cardano developers make? ›

Salary expectations for Cardano developers can vary depending on factors such as experience, location, and company size. Given that Blockchain Developers earn ~$100k on average (rising to $240k), a Cardano developer would expect to be paid a similar amount.

How do you earn passive income with Cardano? ›

With this system, there are two ways to stake ADA: becoming a network validator or delegating your tokens to existing validators. Whichever method you choose, staking ADA means earning rewards, which is why it's such a popular method of securing some passive income.

How much does a Cardano software engineer earn? ›

Salaries by job title at Cardano
Job titleTotal Pay Base | AdditionalOpen Jobs
Software Engineer 2 Salaries submitted £56K-£70K £61K | £5K 0 open jobs£56K-£70K £61K | £5KCreate a job alert
Intern 2 Salaries submitted £18K-£24K £21K | £0 0 open jobs£18K-£24K £21K | £0Create a job alert
18 more rows

What are your keys in crypto? ›

A private key is an alphanumeric code generated by a cryptocurrency wallet. It is used to authorize transactions and prove ownership of a blockchain asset. A private key is an integral part of cryptocurrency, and its encrypted properties help protect users from thieves and unauthorized access to their funds.

What are the symbols for Cardano? ›

Cardano (blockchain platform)
Denominations
SymbolADA, ₳
Codecardano-node
Subunits
1⁄1000000Lovelace
26 more rows

Why is Cardano so special? ›

Energy efficiency – Cardano is a proof-of-stake blockchain. In contrast to proof-of-work blockchains, Cardano requires much less energy and computational power. The Bitcoin network is secured through computers doing ever-more-energy-intensive computations – proof of work – which is unsustainable in the long term.

What tokens run on Cardano? ›

Cardano supports currencies such as ada and native tokens, which act similarly in the network. However, ada is the principal currency that, at this time, is accepted as fee-payment, to make deposits, and is also the only currency in which rewards are distributed.

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