Unlocking the Power of Cryptography in Cryptocurrency 🔐

The currency aspect of cryptocurrency is widely discussed, but the real ingenuity of the invention is in the first part of the name – crypto, as in cryptography.

People have been using cryptography to encode secret messages since ancient times, but it's more vital than ever in today's digital world. Watch as we discuss how it forms the foundation of #bitcoin and other cryptocurrencies 💰

► Get started with #crypto today with Luno: https://www.luno.com/?utm_source=Youtube&utm_medium=Channel&utm_campaign=Hero

Have you bought crypto? How do you think it will change the future? Let us know your thoughts in the comments 🚀

0:00 Cryptography in crypto
0:26 Cryptocurrency encryption
1:11 SHA-256
1:18 Hashing vs encryption
1:37 Mining bitcoin
2:00 Private keys

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For a deeper dive into the evolution of cryptography 📖 https://luno.money/blog_cryptography_part1_YT

#ToTheMoon

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Cryptocurrency is a high risk investment that's not regulated in the UK. The value of cryptocurrency can fluctuate and you may lose your capital without recourse to financial regulators. Fees apply when you buy or sell cryptocurrency and Capital Gains Tax may be payable on profits when you sell.