RSA (Rivest-Shamir-Adleman)

Crypto terminology for 'Run on the Bank' refers to a situation where many investors withdraw funds simultaneously from a financial institution, often due to fears of insolvency or instability, impacting cryptocurrencies and traditional banks alike.

RSA stands for Rivest-Shamir-Adleman, the names of its inventors. It is a widely used encryption algorithm that provides secure data transmission.At its core, RSA relies on the mathematical properties of large prime numbers. It generates a pair of keys: a public key, which anyone can use to encrypt messages, and a private key, which is kept secret by the owner for decryption. In practice, when a user wants to send a secure message, they encrypt it with the recipient’s public key. Only the recipient, who possesses the corresponding private key, can decrypt and read the message. This method ensures that even if the encrypted message is intercepted, it remains unreadable without the private key.RSA is crucial for securing communications and transactions. While it is not the primary algorithm in many cryptocurrencies, it is often used for securing exchange protocols and establishing secure connections. Its longevity and reliability make it a staple in digital security practices, helping protect sensitive information from unauthorized access.

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