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cryptography

Cryptography is a field of science that deals with securing information from unauthorized access. In the context of the cryptoassets market, cryptography plays a crucial role in ensuring the security of transactions and the storage of digital assets.

How does cryptography work?

Cryptography is based on various techniques and mathematical algorithms that allow data to be encrypted in such a way that it is only understandable to authorized recipients. There are two main types of cryptography: symmetric and asymmetric.

Symmetric cryptography

In symmetric cryptography, the same key is used for both encrypting and decrypting data. This means that both the sender and the receiver have the same key, which can pose a risk in case of unauthorized access to the key.

Asymmetric cryptography

In asymmetric cryptography, keys are different – one is used for encryption, and the other for decryption of data. This is a more secure way of transmitting information because the public key can be shared publicly, while the private key remains secret.

Application of cryptography in cryptoassets

In the cryptoassets market, cryptography plays a crucial role in ensuring the security of transactions, digital wallets, and blockchains. By employing advanced cryptographic techniques, it is possible to secure transactions against counterfeiting and ensure the confidentiality of financial data.

Summary

Cryptography is an essential element of the infrastructure of cryptoassets, providing security and confidentiality for transactions and stored data. Thanks to continuous technological development, cryptographic methods are becoming increasingly advanced, leading to higher standards of security in the world of digital assets.


20 December 2024 | 15:01

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