Why Is Cryptography Important For Cryptocurrency?

What Is Cryptography?

Cryptographic Methods

Cryptography using symmetric encryption

Cryptography using asymmetric encryption


Encryption of Public Keys


  • The core foundation of cryptocurrency security is cryptography.
  • Cryptography is known as the science of encoding and decoding signals so that only the recipient can comprehend what is being sent.
  • Cryptography protects participants and transactions in the context of cryptocurrencies.
  • Your public key is the only piece of information someone needs to send you Bitcoin, so you may freely share it with anyone.
  • Your private key is used to produce your public key through a process known as “hashing,” which entails running a string of data through an algorithm.



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