Sending crypto to friends and family, and using crypto to pay for goods and services, is easy once you get the hang of it. Why would you want to send crypto instead of cash? Since crypto is digital, sending crypto can be as easy as sending an email. Crypto also doesn’t have any physical borders the way dollars, pesos, or euros do, so you can send crypto to friends, family, or merchants overseas as easily as sending it to someone sitting next to you. Lastly, you can send crypto without sharing your personal or banking info, making it more secure. To send crypto, you’ll need the recipient’s wallet address. A wallet address is a long string of characters, similar to a bank account number, that identifies where the crypto should go. Since crypto wallet addresses are long, they’re often shown as a QR code that you can scan in your crypto app. Once you have the wallet address, you just need to open your crypto wallet, enter the wallet address, select how much crypto you want...
Definition Cryptography is the study and practice of sending secure, encrypted messages between two or more parties. Cryptography allows digital currency transactions to be pseudonymous, secure, and “trustless” – with no bank or other intermediary required. The “crypto” in the word “cryptocurrency” means “secret” in Greek – which gives you a clue as to what the field of cryptography is all about. Cryptography is the study and practice of sending secure, encrypted messages or data between two or more parties. The sender “encrypts” the message, which obscures its content to a third party, and the receiver “decrypts” the message, making it legible again. Cryptocurrencies use cryptography to allow transactions to be anonymous, secure, and “trustless,” which means you don’t need to know anything about a person to safely make transactions with them – and you don’t need bank, credit-card company, government, or any other third party in the middle. And cryptography ...