Encryption
By Cryptomcmillan1 | Updated on May 24, 2020
Encryption is a process of encoding information the original form of information called plaintext via an algorithm called cipher. The encrypted message is now called ciphertext. Only authorized parties can decipher the ciphertext and convert back it to the original plaintext. It is the practise of secured communication.
Related Terms
51% Attack
An attack on blockchain by a group of miners controlling more than 50% of network hash rate
Miners
Contributors to a blockchain taking part in the process of mining.
Bitcoin ATM
A machine from which you can buy or sell Bitcoin. Typically also offers different types of cryptocurrencies.
Full Node
Full Nodes are computers that verify the set of rules that are built into the protocols of a given cryptocurrency.
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