How does asymetric crypto ensure secure transactions in the digital currency world?

1 answers

• Apr 30, 2022 · 3 years ago
  Asymmetric cryptography is the key to secure transactions in the digital currency world. It uses a pair of keys, a public key and a private key, to encrypt and decrypt data. When a user wants to make a transaction, they use the recipient's public key to encrypt the transaction details. This ensures that only the recipient, who possesses the corresponding private key, can decrypt and access the information. Asymmetric crypto provides a high level of security by keeping the private key secret and allowing only authorized parties to access the transaction data. With the use of asymmetric cryptography, digital currency transactions can be conducted securely and with peace of mind.
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