Basics of Cryptography and Binance Discount



Cryptography is the science of writing in secret code and is an ancient art. The first documented use of cryptography dates back to 1900 B.C.


If you want to transmit some information securely from one computer to another, or to store it securely on your own computer, how would you achieve this?


Encryption is the answer to this. There are various algorithms that can achieve this; some more secure than others. An algorithm is a series of mathematical equations that turns the information we want to secure (plaintext) into the secure form called ciphertext.


Cryptography or security has some basic requirements that needs to be met. These are:


Privacy/confidentiality: No one should be able to read the message except the intended recipient.


Integrity: Ensuring that the message has not been altered during transmission or storage.

Authentication: Ensuring the person is who he/she claims to be; basically establishing the identity of the person. Click here to learn about Binance Discount


Non-repudiation: A mechanism to prove that the sender really sent this message.

The image below describes in simplistic terms about the process of encryption.


The reverse process of what is shown above is what we call decryption. The ciphertext is converted back into plaintext during this process.


A key is used to encrypt the data and to decrypt it.


Cryptography has evolved over the years. The mode of encryption used during Julius Caeser’s time is very different from what we …