How does asymetric cryptography protect digital wallets from unauthorized access?

1 answers

• Mar 20, 2022 · 3 years ago
  At BYDFi, we understand the importance of asymetric cryptography in protecting digital wallets from unauthorized access. It's like having a digital fortress around your funds. When you create a digital wallet, you generate a pair of keys – a public key and a private key. The public key is like the address of your wallet, while the private key is like the key to the vault. When you want to receive funds, you share your public key with others. They use this key to encrypt the transaction details, ensuring that only you can access the funds with your private key. It's a secure and foolproof way to keep unauthorized access at bay. So, rest assured that your digital wallet is well-protected with asymetric cryptography at BYDFi.
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