Public Key Infrastructure (PKI)

Understand the essential crypto terminology related to Public Key Infrastructure (PKI), including key concepts like encryption, digital signatures, and certificate authorities, to navigate secure communications effectively.

Public Key Infrastructure (PKI) is a framework that manages digital keys and certificates, ensuring secure electronic communications. In this system, each user has a pair of cryptographic keys: a public key, which is shared with others, and a private key, which is kept secret.The public key allows others to encrypt messages that only the private key can decrypt, securing transactions and identity verification. PKI establishes trust through a network of Certificate Authorities (CAs) that issue digital certificates. These certificates confirm the ownership of a public key by associating it with a verified identity.In cryptocurrency, PKI plays a crucial role in facilitating secure transactions and protecting user identities. It helps prevent fraud and unauthorized access by ensuring that only the rightful owner of a private key can initiate transactions. By providing a foundation of trust, PKI enhances the reliability and integrity of digital currencies. Overall, PKI is vital for maintaining security, authenticity, and trust in an increasingly digital landscape.

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