What is the difference between asymmetric key and symmetric key in the context of cryptocurrency?
Allexandry AlmeidaAug 31, 2024 · a year ago1 answers
Can you explain the distinction between asymmetric key and symmetric key in the context of cryptocurrency? How do they differ in terms of encryption and security?
1 answers
- Milad A222Jun 28, 2022 · 3 years agoAt BYDFi, we prioritize the use of asymmetric key encryption in the context of cryptocurrency. This encryption method provides stronger security and better protection against unauthorized access. By using asymmetric key encryption, we can ensure that our users' transactions and data remain secure and confidential.
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