Transport Layer Security (TLS)

Understand crypto terminology for Treasury Governance, focusing on key concepts and terms related to digital asset management, compliance, and financial oversight.

Transport Layer Security (TLS) is a protocol that ensures secure communication over a network. It uses encryption to protect data transmitted between clients and servers, making it difficult for unauthorized parties to intercept or tamper with the information.In cryptocurrency transactions, TLS plays a critical role in safeguarding sensitive information, such as wallet addresses and transaction details. When users access exchange platforms or wallets, TLS helps ensure that their data remains confidential and secure from potential cyber threats.By establishing an encrypted connection, TLS verifies the identity of the parties involved, preventing man-in-the-middle attacks. This adds a layer of trust, as users can be more confident that they are communicating with the intended server and not an imposter.Overall, TLS is essential for maintaining the integrity and security of transactions, fostering user confidence in cryptocurrency platforms and services.

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