Decryption
By CoinGecko | Updated on Mar 03, 2020
Describes the process of decrypting data that was previously encrypted (made unreable) back to a readable form. An example of this would be the conversion of a hash back to its original phrase.
Original phrase (words): Bitcoin is fun
Encrypted phrase (SHA-256): 5A01BA5E208AC4E599F0EDEFF52991644EDF595717E80CB20D9756A85A334D94
Decrypted phrase (words): Bitcoin is fun
You can try it out here: https://passwordsgenerator.net/sha256-hash-generator/
Related Terms
Proof-of-Authority (PoA)
A consensus algorithm that asigns block validation queue based on identity and reputation.
Wallet
Software client that handles storage of cryptocurrencies and allows users to send cryptocurrencies.
Satoshi Nakamoto
The pseudoym used in publishing the Bitcoin Whitepaper. Identity is unknown.
Cold Storage
Offline storage of cryptocurrencies which is arguably safer as they also require physical access (eg. hardware wallet, paper wallets)
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