Bunny cyber tech...

In this blog i only describe about asymmetric encryption. But  there are to type                   1. Symmetric encryption                  2. Asymmetric encryption What is Symmetric encryption? Symmetric encryption is a form of computerized cryptography using a singular encryption key to guise an electronic message. Its data conversion uses a mathematical algorithm along with a secret key, which results in the inability to make sense out of a message.    In symmetric encryption use one key to encryption and decryption . It call  secret  key. What is asymmetric encryption? Asymmetric Encryption  is a form of  Encryption  where keys come in pairs. What one key encrypts, only the other can decryption. Frequently (but not necessarily), the keys are interchangeable, in the sense that if key A encrypts a message, then B can decrypt it, a...

                              What is Crypto Currency ? -         A  crypto currency  is a  digital asset  designed to work as a  medium of exchange  using  cryptography  to secure the transactions and to control the creation of additional units of the currency.      ·           The Beginning of Crypto Currency : -         In 1998, Wei Dai published a description of "b-money", an anonymous, distributed electronic cash system. -           Nick Szabo  created " bit gold " Like bit-coin and other crypto-currencies that would follow it -         Bit Gold was an electronic currency system which required users to complete a  proof of work  function w...

                                                           Publicity of Crypto-Currency :         Central bank representatives have stated that the adoption of crypto currencies such as bitcoin pose a significant challenge to central banks' ability to influence the price of credit for the whole economy.          They have also stated that as trade using crypto currencies becomes more popular.          Gareth Murphy, a senior central banking officer has stated "widespread use of crypto currency would also make it more difficult for statistical agencies to gather data on economic activity.       which are used by governments to steer the economy".          He cautioned that virtual currencies pose a new challe...

                                              ·           Legality of Crypto Currency : -         The legal status of crypto currencies varies substantially from country to country and is still undefined or changing in many of them. -         While some countries have explicitly allowed their use and trade, others have banned or restricted it. -         Various countries have classified the bitcoins differently. o       China Central Bank  banned the handling of bitcoins by financial institutions in  China  during an extremely fast adoption period in early 2014. o     Meanwhile in Russia, though crypto currencies are legal, it is illegal to actually purchase goods wit...

                                                                      Darken markets of Crypto Currency -         Crypto currency is also used in controversial settings in the form of  online black markets , such as  Silk Road . -         The original Silk Road was shut down in October 2013 and there have been two more versions in use since then. -         The current version is Silk Road 3.0. -         The successful format of Silk Road has been widely used in online dark markets, which has led to a subsequent decentralization of the online dark market. -         In the year following the initial shutdown of ...

                                                                      Darken markets of Crypto Currency -         Crypto currency is also used in controversial settings in the form of  online black markets , such as  Silk Road . -         The original Silk Road was shut down in October 2013 and there have been two more versions in use since then. -         The current version is Silk Road 3.0. -         The successful format of Silk Road has been widely used in online dark markets, which has led to a subsequent decentralization of the online dark market. -         In the year following the initial shutdown of ...

       Fraud .. what is Fraud. .                  In 2013 , Maistrate Judge of Texas has ruled that crypto currency can be used as money.          This rulling allowed  SEC  to have jurisdictions over cases of securities fraud involving crypto currency.          GBL, a Chinese bitcoin trading platform suddenly shut down on October 26, 2013.          Because the Subscribers, unable to log in, lost up to $5 million worth of bitcoin.          On December 1, 2015, the owner of the now-defunct GAW Miners website was accused of securities fraud following his development of the crypto currency known as Paycoin. He is accused of masterminding an elaborate scheme under the guise of "cloud mining" with mining equipment hosted in a data center. He purported the cloud miners known as "hashlets" t...