What are some alternative names for public key encryption in the world of cryptocurrency?

3 answers

• Dec 25, 2021 · 3 years ago
  Public key encryption in the world of cryptocurrency is also known as asymmetric encryption. It is a cryptographic system that uses a pair of keys, a public key and a private key, to encrypt and decrypt data. The public key is used to encrypt the data, while the private key is used to decrypt it. This encryption method is widely used in cryptocurrencies to secure transactions and protect users' funds.
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• Dec 25, 2021 · 3 years ago
  Another term used to describe public key encryption in the world of cryptocurrency is digital signatures. Digital signatures are created using the private key and can be verified using the corresponding public key. They provide a way to ensure the authenticity and integrity of digital documents and transactions in the cryptocurrency space.
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• Dec 25, 2021 · 3 years ago
  In the world of cryptocurrency, public key encryption is often referred to as PKI (Public Key Infrastructure). PKI is a set of hardware, software, policies, and procedures that are used to create, manage, distribute, use, store, and revoke digital certificates. These certificates contain public keys and are used to verify the authenticity of digital signatures and secure communication in the cryptocurrency ecosystem.
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