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Showing posts with label The Basics of Cryptocurrency. Show all posts
Showing posts with label The Basics of Cryptocurrency. Show all posts

Friday, October 27, 2017

The Basics of Cryptocurrency

The Basics of CryptocurrencyIn order to understand how cryptocurrency functions, there are main 8 concepts to become familiar with:EncryptionThe process of converting information or data into a code, especially to prevent unauthorized access.When using cryptocurrency as a medium of exchange, instead of using a single key for both encryption and decryption, separate encryption keys are used for both. A user generates a pair of keys that are mathematically...

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