A key pair consists of two cryptographic keys: a public key and a private key. These keys work together to facilitate secure transactions and identity verification.The public key is shared openly and serves as an address where others can send funds. It is derived mathematically from the private key, ensuring that anyone can view it but cannot trace it back to the private key directly.The private key is kept secret and is used to sign transactions, confirming ownership and authority over the funds associated with the public key. If someone gains access to your private key, they can control your assets.Together, the key pair enables secure communication and transactions. The public key allows others to send funds to you, while the private key ensures that only you can access and manage those funds. It’s crucial to safeguard your private key, as losing it can result in losing access to your assets permanently.