Number theory is a branch of mathematics that deals with the properties and relationships of numbers, particularly integers. In the context of cryptocurrencies, it plays a crucial role in various algorithms that secure and verify transactions.One of the main applications of number theory in cryptocurrency is through cryptographic techniques. For example, public-key cryptography relies on the difficulty of factorizing large prime numbers. This ensures that only the intended recipient can access the funds, as they possess a private key corresponding to a public key.Another important aspect is hashing functions, which convert input data into fixed-size output. These functions often rely on number-theoretic principles, making it computationally challenging to reverse-engineer the original input.Overall, number theory provides the mathematical foundation that enables secure, decentralized systems, ensuring trust and integrity in transactions.
Russia Grants Banks Limited Approval to Handle Cryptocurrencies
Russian banks will be allowed to conduct cryptocurrency operations under strict conditions, the Central Bank announced Friday, marking a cautious