Mastering Monero: The Future of Private Transactions by Serhack

Author:Serhack
Language: eng
Format: azw3
Tags: Non-Fiction, Security, Computers, Technology, Privacy
Publisher: Lernolibro LLC
Published: 2019-04-17T23:00:00+00:00

Chapter 5

A deep dive into Monero & cryptography

Since long before the birth of computers, mathematics and cryptography have been at the center of communication and information exchange. While simple ciphers have been around since Caesar’s time, modern cryptography was born during the World Wars for encrypting important and confidential messages. Initially, governments and militaries funded classified cryptography research to identify protocols for protecting state secrets.

Now, cryptography is no longer limited to spies and militaries; it forms the backbone of communication and security in the internet era, and is widely studied by academic and industry researchers scattered across the globe.

Today, cryptography is a ubiquitous behind-the-scenes tool that enables security, management, communication, and many of the connections that improve our day-to-day lives. For example, consider the invention of Secure Socket Layer (SSL, deprecated in favor of TSL), which is based on cryptographically signing the content. Hospitals, banks, governments, and businesses all protect your data with cryptography.

This chapter discusses how cryptographic tools can be applied to a decentralized financial database to give rise to cryptocurrencies, especially Monero.

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