May 4, 2024

Types of Encryption in Crypto

Encryption is a technique (or rather the combination of techniques) that ensures secure communication by creating and analyzing protocols that restrict unauthorized access to private messages. It lies at the intersection of many disciplines, including mathematics, computer science, information security, and other related fields.

Cryptology studies encryption and its various methods, advantages, disadvantages, and evolution. Its main focus is to ensure the confidentiality, integrity, and authentication of data, which are essential in maintaining information security. Cryptography is widely used in various fields, including cryptocurrencies, which derive their name from it.

Over the years, cryptography and encryption have not just made progress, but significant strides. The evolution of this field is a testament to human ingenuity and the constant need for improved security. Modern blockchain networks, for instance, use advanced algorithms that rely on different types of encryption to protect digital assets and confidential data.

Encrypting involves converting human and machine-readable plaintext into unreadable ciphertext using an encryption algorithm or cipher. Plaintext, which refers to any data that can be easily read or understood, is vulnerable to theft when processed over the internet. Encryption provides an additional layer of security by converting plaintext into ciphertext, which only authorized individuals can decode and turn back into readable plaintext, thereby ensuring the safety of sensitive information.

Learn more about the types of encryption and the most widespread encryption techniques on the Kinetex blog.

Try swapping with Kinetex dApp!

Kinetex Website