What Is Cryptocurrency? A Simple Guide to Digital Money πŸ’°

Discover the basics of cryptocurrency, how it works, and why it's transforming the future of finance. Learn about the role of cryptography in securing digital currencies!

What Is Cryptocurrency? A Simple Guide to Digital Money πŸ’°
COUNOS PLATFORM - EXCHANGE - ESCROW - WALLET
4.0K views β€’ Jun 7, 2018
What Is Cryptocurrency? A Simple Guide to Digital Money πŸ’°

About this video

Cryptography (not cryptology, which contains cryptography and cryptanalysis) is a study of encryption from a mathematical point of view. It is also used for secret communication, which allows the world to see an encrypted message in case someone is listening, and does not let them know the real word. Only the intended recipient can read it. As you mentioned, you can also "register" things using a similar scheme, but where "pre-decrypt" (my term) is something, and other people who link your cryptographic key can show that you've signed something.

So, cryptography is used almost exclusively in security areas. You can only restrict those authorized to access secret data. This is useful for sending messages, ensuring that only paid customers can install the software and be responsible (at least trying to prevent people from "joking" with their phone.

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Jun 7, 2018

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