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
Futures
An agreement between two counterparties that obligates them to transact in the future based on the contract terms set.
Distributed Ledger
Ledgers whose data is stored and synced across a network of nodes.
Algorithm
Algorithm is a set of rules to follow to solve a problem or conduct a task.
Decentralized Finance (DeFi)
Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free.
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