End-to-End Encryption

Gain a solid understanding of crypto terminology used in endowment funds, including key concepts, strategies, and investment practices essential for relevant decision-making.

End-to-end encryption is a security method that ensures that only the sender and the intended recipient can read or access messages or data. In the context of transactions, this means that the information is scrambled during transmission and can only be decrypted by the parties involved.In cryptocurrencies, this means that when a transaction is initiated, the details are encrypted on the sender’s device. The encrypted data travels through the network, making it unreadable to anyone who intercepts it. Only the recipient has the necessary key to decrypt and access the original data.This type of encryption enhances privacy and security. It protects sensitive information, such as wallet addresses and transaction amounts, from hackers and unauthorized access. As a result, users can engage in transactions with greater confidence, knowing their data remains confidential. Overall, end-to-end encryption contributes to the integrity and trust that users place in their financial interactions. It acts as a safeguard against potential threats in a decentralized and often public environment.

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