Being a web designer, I am always faced with the dilemma of how do I keep my clients data safe from malicious people. I try to educate them about not opening up suspicious links to emails and websites but of course this got me to thinking about just how safe our information is in the crypto world. Turns out: its through cryptography.
It works something like this: Each user has special codes embedded in the transaction which stops their information from being assessed by others. This is called cryptography and its nearly impossible to to hack. It’s also where the crypto part of the definition comes from. Crypto means hidden, so the information is hidden.
I’m not going to go into a long explanation of this ( I will put a video below that explains this in detail) but its pretty much like the process of sending an encrypted message to a business associate or your friend. If they have the same email program you have, you can just encrypt the email before you send it which basically scrambles the words and send it out so that it’s safe from malicious people until it gets to you safe and unaltered in any way. That’s pretty cool.
When you making money transactions on the internet the last thing you want to think about is if the wrong person is going to intercept the transaction. I know that cryptocurrency is still going through it’s growing stages but I feel much more confident knowing that developers are thinking hard about security and encryption.