Definition of Decryption

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/

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Related Terms

All-Time-Low (ATL)

The lowest point (in price, in market capitalization) that a cryptocurrency has been in history.

Utility Token

cryptocurrency tokens with specific utilities on a network besides being used as medium of exchange and investment vehicle.

Bearish

A term used to indicate negative sentiment towards the market or an asset, where investors believe that there will be downward price movement.

Scrypt

one of the hashing algoritm used in proof-of-work protocol, scrypt requires more memory in order to performing mining functions

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