Module 1 (3/3) more summary Learning with Binance

Cryptography: It is the study and application of techniques to protect the confidentiality, integrity and authenticity of information. In the context of cryptocurrencies.

Cryptography is used to:

1. Encrypt transactions: Protects transaction information so that only the sender and recipient can access it.

2. Verify identity: Ensures that only the owner of the cryptocurrency can make transactions.

3. Control the creation of new units: Regulates the issuance of new cryptocurrencies and prevents counterfeiting.

Some cryptographic techniques used in cryptocurrencies are:

1. Encryption algorithms (AES, RSA)

2. Digital signatures (ECDSA, Schnorr)

3. Hash functions (SHA-256, Keccak-256)

4. Consensus protocols (PoW, PoS)

Cryptography in cryptocurrencies provides:

1. Security

2. Privacy

3. Integrity

4. Transparency

5. Censorship resistance

Some examples of cryptocurrencies that use advanced cryptography are:

1. Bitcoin (ECDSA, SHA-256)

2. Ethereum (ECDSA, Keccak-256)

3. Monero (RingCT, Bulletproofs)

In short, cryptography is critical to the security and reliability of cryptocurrencies.

Let's review:

In short, Binance is a secure, easy-to-use cryptocurrency exchange platform with a wide variety of options to trade.

In short, cryptocurrencies are decentralized digital currencies that offer an alternative way to make transactions and store value.

Decentralized digital currencies: refer to electronic currency systems that operate without centralized control, that is, they are not managed by a government, financial institution or single entity.

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