LeoGlossary: Cryptography

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10 months ago - 1 minutes read

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:

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.


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