LeoGlossary: Cryptography

It is the converting ordinary plain text into unintelligible text and vice-versa. It is a method of storing and transmitting data in a particular form so that only those for whom it is intended can read and process it.

The major concerns:

• Confidentiality
• Authentication
• Integrity

Three Types:

• Symmetric-key cryptography

• Hash functions.

• Public-key cryptography

Cryptocurrency transactions are secured by cryptography. It is vital in sending coins and tokens between wallets without an intermediary like a bank.

The main solution cryptography provided was the ability to eliminate the double-spend without turning to a financial institution.

• LeoGlossary Main Menu

General:

• What Is Leofinance