Asymmetric encryption is a method that uses two keys for secure communication: a public key and a private key. The public key is shared with everyone, allowing others to encrypt messages intended for the key owner. Only the owner of the corresponding private key can decrypt these messages.In the context of transactions, when someone wants to send cryptocurrency, they will use the recipient’s public key to encrypt the transaction details. This ensures that only the recipient, who holds the private key, can access the information.This method enhances security by ensuring that even if the public key is widely known, only the private key holder can unlock the secured data. It also facilitates digital signatures, enabling users to sign transactions with their private keys, ensuring authenticity and non-repudiation.Overall, asymmetric encryption plays a vital role in protecting data and transactions, making it a foundational element of many systems that require secure communications and identity verification.