WHAT IS ASYMMETRIC ENCRYPTION? (PUBLIC & PRIVATE KEYS) IN CRYPTO?

Asymmetric encryption is a type of encryption that uses a public key and a private key. The public key can be shared with other people, while the private key must be kept secret to ensure that it cannot be accessed by anyone else when they use it to encrypt information. This means that if someone steals your public key, they don’t have access to any encrypted messages you’ve sent with it, but if they steal your private key—which is only used when sending messages over public channels—they can decrypt those messages themselves, even if they don’t know what’s being communicated between those two parties!

There are many benefits to using asymmetric encryption, including protecting your personal information from malicious hackers and making sure you’re not doing anything illegal on the Internet.

A public key is used to encrypt data, while a private key is used to decrypt data. The public key is made available to anyone who wants to send you encrypted messages. Only the person with their own private key can decrypt those messages and view them as plaintext (unencrypted). If you want someone else to send you an encrypted message–and they don’t have your private key–they will use your public one instead of theirs and tell you what it says after they’ve sent it so that they don’t get caught out by this trickery!

The other way around works too; if someone has access only through their own private key then only they can read messages sent from another account using this person’s public address/key pair combination. The main difference between asymmetric encryption and symmetric encryption is that asymmetric algorithms generate two keys–one public, which others can access; and one private, which only those who have possession of both keys may use for decryption purposes. Private keys should never be shared with anyone, not even your partner. If you do share them, then the person who has access to that key will be able to access all of your money in an instant.

Asymmetric encryption is an extremely useful tool in the world of cryptography. Understanding what it is and why it’s used can help you understand more about crypto and its applications. The next time someone starts talking about public vs private keys, don’t be afraid to ask questions!