Decryption
By CoinGecko | Updated on Mar 03, 2020
Describes the process of decrypting data that was previously encrypted (made unreable) back to a readable form. An example of this would be the conversion of a hash back to its original phrase.
Original phrase (words): Bitcoin is fun
Encrypted phrase (SHA-256): 5A01BA5E208AC4E599F0EDEFF52991644EDF595717E80CB20D9756A85A334D94
Decrypted phrase (words): Bitcoin is fun
You can try it out here: https://passwordsgenerator.net/sha256-hash-generator/
Related Terms
Masternodes
Computers that are responsible for processing blockchain transactions and receive a reward when a block is mined.
Peer to Peer
A communication protocol that does not require a central hub
Mining Contract
Another term for cloud mining, where users can rent or invest in mining capacity online.
Privacy Coins
Cryptocurrencies that are designed with transaction anonimity and user privacy in mind.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.