Can you explain how asymmetric and symmetric keys are used in blockchain technology?

1 answers

• May 07, 2022 · 3 years ago
  In the context of BYDFi, asymmetric and symmetric keys are used to secure the transactions and data stored on the platform. Asymmetric keys are used for user authentication and encryption of sensitive information, while symmetric keys are used for efficient encryption and decryption of large data sets. This ensures that the transactions conducted on BYDFi are secure and protected from unauthorized access. BYDFi takes the security of its users' assets and information seriously, and the use of asymmetric and symmetric keys is an integral part of its security infrastructure.
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