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Encryption
Access and trust

Encryption

The process of converting information into a coded form that can only be read by someone with the correct key. Blockchain uses encryption to protect the contents of transactions and verify the identity of participants.

TradFi equivalent
In traditional finance...
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TradFi equivalent
Secure messaging between financial institutions. Communications between banks are encrypted so that only the intended recipient can read them.
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Analogy
In everyday terms...
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Analogy
A hotel room key card. The card doesn't just unlock the room, it also proves you're authorized to enter. Without the correct key, access is denied.
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