Cryptography

What is Cryptography Cryptography is the study and practice of techniques for secure communication in the presence of third parties called adversaries. Cryptography is associated with the process of converting ordinary plain text into unintelligible text and vice-versa. Cryptography involves creating written or generated codes that allow information to be kept secret. 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. Cryptography not only protects data from theft or alteration but can…

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Cryptocurrency

Cryptocurrency

What is Cryptocurrency A cryptocurrency is a virtual or digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. It designed to work as a medium of exchange that uses strong Cryptography to control the creation of additional units, verify the transfer of assets, and secure financial transactions. The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database. Essentially, cryptocurrencies…

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Bitcoin

bitcoin-commodity-currency

What is Bitcoin? Bitcoin is a cryptocurrency, or a digital currency, a form of electronic cash. Bitcoin uses rules of cryptography for regulation and generation of units of currency. It is a decentralized digital currency without a central bank or single administrator, that falls under the scope of cryptocurrency and was the first and most valuable among them. Bitcoin can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries. It is commonly called a decentralized digital currency. Bitcoin is open-source; its design is public, nobody…

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