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Glossary Terms to Know
Decryption
In blockchain technology, decryption is crucial for protecting and securing data and transactions from unauthorised access, allowing for authorised parties to access and read original information (plaintext).
Encryption
Encryption — the process of converting data or information into a secure and encoded format — plays a crucial role in ensuring the confidentiality, integrity, and security within blockchain networks and cryptocurrency transactions.
Technical Analysis
Technical analysis is a method to evaluate and predict future price movements of cryptocurrencies based on historical price data and trading volume.
Unspent Transaction Output (UTXO)
Unspent transaction output (UTXO) represents the remaining balance of digital currency following a cryptocurrency transaction.
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