Cryptography is the practice of securing information through the use of coded algorithms, hashes, and signatures to ensure confidentiality, authentication, data integrity, and non-repudiation. #VoteToListOnBinance
It is a crucial component of blockchain technology, enabling secure communication and protecting transactions from unauthorized access. #TrumpTariffs
Key Concepts in Cryptography:
1. Plaintext: The original message or data that needs to be secured. 2. Ciphertext: The encrypted message or data that is unreadable without the decryption key. 3. Encryption: The process of transforming plaintext into ciphertext using a cryptographic algorithm. 4. Decryption: The process of transforming ciphertext back into plaintext using a decryption key. 5. Key: A unique string of characters used for encryption and decryption.
Types of Cryptographic Techniques:
1. Symmetric-key Cryptography: Uses the same key for encryption and decryption.
2. Asymmetric-key Cryptography: Uses a pair of keys, one for encryption and another for decryption.
3. Hash Functions: One-way functions that transform input data into a fixed-size string of characters.
Cryptography in Blockchain: #WhaleMovements
1. Transaction Encryption: Cryptography secures transactions by encrypting the sender's and recipient's information.
2. Wallet Security: Cryptography protects wallet private keys, ensuring only authorized access to funds. $BTC
3. Smart Contract Security: Cryptography ensures the integrity and immutability of smart contracts on the blockchain. $BNB
Common Cryptographic Algorithms:
1. AES (Advanced Encryption Standard) 2. RSA (Rivest-Shamir-Adleman) 3. ECDSA (Elliptic Curve Digital Signature Algorithm) 4. SHA-256 (Secure Hash Algorithm 256)
