I am a developer. these days we are going to jump into Crypto well. So i have read lots of blog online how Crypto currencies works. But i am little confused for the private key.
1) Where it is stored in decentralised ledger.
2) How it is validated while sending payment to any other key.
guys please help me to under the concept of private key.
Above mostly presented very descriptive of private key concept technically, I just want to simplify the concept to you of this private key in common or daily activities used. Let's assume this to bank account, with this approach you can consider public address as bank account and private key to be considered as PIN (Personal Identification Number). You can share your bank account (Public Address) to everyone while your fund inside the wallet is still safe, but you DO NOT share your PIN to everyone as someone can access your bank account easily.
Hope you can more understand the concept.