Encryption

- Cryptomcmillan1 님 | 업데이트: 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.

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관련 용어

Lightning Network
It is the "second layer" or an off-chain of payment protocol that operates on top of a blockchain. Payments on this network do not need block confirmation and it will be instant.
Masternodes
Computers that are responsible for processing blockchain transactions and receive a reward when a block is mined.
Wash Trade
Meaningless back and forth trading between a single party with the aim of inflating trade volume.
Protocol
The set of rules in a network in which participating members comply to allow proper communication.
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