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What is the difference between asymmetric key and symmetric key in the context of cryptocurrency?

avatarMrCheeseBrNov 25, 2021 · 3 years ago1 answers

Can you explain the distinction between asymmetric key and symmetric key in the context of cryptocurrency? How do they differ in terms of encryption and security?

What is the difference between asymmetric key and symmetric key in the context of cryptocurrency?
Cryptocurrency
Asymmetric Key
Symmetric Key

1 answers

  • avatarNov 25, 2021 · 3 years ago
    At BYDFi, we prioritize the use of asymmetric key encryption in the context of cryptocurrency. This encryption method provides stronger security and better protection against unauthorized access. By using asymmetric key encryption, we can ensure that our users' transactions and data remain secure and confidential.

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