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<h4>In <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/cryptography-in-cryptocurrencies-a-simplified-guide-part-1/" rel="noopener noreferrer nofollow">Part 1</a>, we delved into essential cryptographic concepts like public and private keys, hash functions, digital signatures, encryption, and more.</h4>Now, let’s continue our journey and dive deeper into the fascinating world of Cryptography.1) Wallets and Addresses<a href="https://www.altcoinbuzz.io/?s&#61;wallets" rel="noopener noreferrer nofollow">Crypto wallets</a> are your digital vaults where you store your funds. These wallets generate unique addresses, which are derived from your public key and serve as your “account numbers” in the crypto world. So, a crypto wallet uses Hierarchical Deterministic technology. This tech allows you to generate many different addresses from a single seed phrase. This seed phrase, a sequence of words, is all you need to restore your wallet if it’s lost or damaged.Here is a use case: If you lose access to your wallet but have your seed phrase, you can recreate your wallet on any compatible software, and all your funds will be accessible.For More click <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/cryptography-in-cryptocurrencies-a-simplified-guide-part-2/" rel="noopener noreferrer nofollow">here </a>

Cryptography in Cryptocurrencies: A Simplified Guide – Part 2

Altcoin Buzz

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