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Asymmetric Encryption: How Blockchain Technology Uses it
Asymmetric encryption, also known as public-key cryptography, is a cryptographic method that uses a pair of keys to encrypt and decrypt data. This method is widely used in blockchain technology to ensure secure transactions and protect user data. In blockchain technology, asymmetric encryption is used to create a digital signature that verifies the authenticity of
What Are Proof of Reserve in Crypto
Cryptocurrencies have brought about a new era of financial freedom, enabling people to control their money without relying on traditional financial institutions. With this new technology comes new risks, such as the possibility of fraud or theft by exchanges that hold users’ funds. To mitigate these risks, a concept known as Proof of Reserve has
Why Bitcoin Surged Back to $30,000 USD Yesterday
Bitcoin, the world’s largest cryptocurrency, has been on a rollercoaster ride over the past year, with wild price fluctuations and volatility. In 2022, the digital currency saw its value plummet to lows of $15,000, causing many to question its long-term viability. However, in recent weeks, Bitcoin has made an impressive recovery, approaching $30,000 once again.
Top 5 Sectors Blockchain Technology Can be Used
Blockchain technology, originally created to support digital currencies like Bitcoin, has now expanded to several industries with different use cases. The tech has slowly evolved to be useful in many sectors of government and business. A blockchain is a distributed ledger technology that provides a secure, transparent, and decentralized environment for transactions. Here are the
The 5 Ways Crypto Exchanges Make Money
Crypto exchanges have grown in popularity and significance in recent years, with many people flocking to them to buy and sell cryptocurrencies. However, these exchanges are not just platforms where people can trade cryptocurrencies; they are also businesses that need to make money to remain profitable and sustainable. And well the past year and a
Top Performing Altcoins for the Past 30 Days
Over the past month, the cryptocurrency market has seen some significant movements, with several altcoins experiencing substantial gains. Cryptocurrency have significantly rebounded over the past few weeks – due in part to some turmoil in the broader economy. We’ve researched the best performing altcoins over the last 30 days (based on data from coinmarketcap). We