Cryptography is an essential part of digital communication and the internet in general. Typically, it works with masking readable data or plaintext into an unreadable <strong>ciphertext.</strong></p>\n<p><strong>Encryption</strong> is utilized as a way to safeguard essential information from malicious actors, and to make sure that it is rather complicated to read or comprehend if the information was to be taken away.</p>\n<p>A few reasons as to why an individual wants to encrypt information is for sending user passwords or credit card information. Besides, the majority of cryptographic systems nowadays are considered to be computationally safe. However, fraudsters would manage to break them, but it wouldn&rsquo;t be beneficial for them to do so.</p>\n<p>The most common type of cryptography used in cryptocurrencies is referred to as <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-public-key/">public key</a> or asymmetric key encryption</strong>. Sets of keys are utilized to encrypt and decode data in this arrangement. As an example, the elliptical curve digital signature algorithm is used for encryption and decryption on <strong>the <a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin blockchain (ECDSA).</strong></p>\n<p>Overall, there are a few ways to accomplish encryption and decryption by utilizing cryptographic algorithms. One of which is when the plaintext is sent in to generate encrypted data, which is then reflected back in to be decrypted.</p>\n<p>Cryptographic keys are utilized in symmetric and asymmetric encryption. In symmetric key cryptography, the same key is utilized to encrypt and decrypt a part of data. <strong>Asymmetric</strong> encryption, on the other hand, utilizes a set of keys, which are mathematically linked. The set contains a public as well as a private key.</p>\n<p>There are certain algorithms that are indicated to be completely safe. 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But, the deep web contains it all - <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-dark-web/">the dark web</a>, not indexed pages, and fee-for-service sites.</strong></p>\n<p>The deep web can also be named the invisible web or hidden web, and it is very different from the surface web people are used to.</p>\n<p>To enter the deep web, the user must download a web browser like <strong>Tor.</strong>&nbsp; In addition, the main idea behind the deep web was revealed to the public alongside <strong>the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-silk-road/">Silk Road</a> trial</strong> in 2015. Back then, Ross Ulbricht, the creator of Silk Road was sent to prison. To clarify, Silk Road was an online deep web marketplace that was the stepping stone to introducing internet users to <strong><a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin.

/n

Bitcoin was the main currency utilized on the site.</p>\n<p>The deep web has continued to be utilized and is a popular location for individuals seeking information that they cannot discover on the standard internet. The deep web has traditionally been connected with the acquisition and selling of drugs, illicit items, and other black-market products and services.</p>\n<p><strong>In fact, deep web users are able to attack genuine users on the surface web, reducing the quality of the internet for everyone.</strong></p>","level":"easy","meta_title":"What is Deep Web? Definition & Meaning | Crypto Wiki","meta_description":"Deep Web meaning: Deep Web - is a part of the internet that is not accessible through search engines.","meta_keywords":null,"language":"en","created_at":"2022-03-02T14:59:09.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-deep-web"},"prevSection":{"id":252,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Decentralized Stablecoin?","slug":"what-is-decentralized-stablecoin","section":"D","keyword":"Decentralized Stablecoin","status":"published","definition":"Decentralized stablecoins are non-custodial, not maintained by a third party, and are completely transparent.","content":"<p><strong>A stablecoin is a virtual asset that attempts to guarantee price stability.</strong> It is backed up by a reserve asset. Stablecoins are used as a great technique to protect holders from market volatility while also providing a secure and steady means to trade alongside.</p>\n<p>In addition, all collateral-backing can be seen to everyone as the funds are distributed on a public blockchain. With one organization controlling the funds, the stablecoin becomes more secure and credible. Also, they are classified as crypto-collateralized or algorithmic.</p>\n<p>Collateralized stablecoins can boost or lower the supply by <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-minting/">minting </strong>or <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-burning/">burning when needed. Algorithmic stablecoins, on the other hand, <strong>use <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-smart-contract/">smart contracts</a> or algorithmic markets operations controllers</strong> <strong>(AMOs),</strong> to automatically manage the stocks.</p>\n<p>Moreover, stablecoins serve as a bridge between retaining assets and transferring to the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-fiat/">fiat system, or as a more efficient means of completing cross-border transfers.</p>\n<p>When it comes to centralized stablecoins, these are often fiat secured off-chain and directly tied to third-party custodians such as banks. These stablecoins rely on users believing that the third party owns the necessary funds. <strong><a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/goon/coinbase/" target=\"_blank\" rel=\"nofollow noindex noopener\">Coinbase's</a> USD Coin (USDC) and Tether (USDT)</strong>, for example, are centralized stablecoins.</p>","level":"easy","meta_title":"What is Decentralized Stablecoin? Definition & Meaning | Crypto Wiki","meta_description":"Decentralized Stablecoin meaning: Decentralized Stablecoin - Decentralized stablecoins are non-custodial, not maintained by a third party, and are completely transparent.","meta_keywords":null,"language":"en","created_at":"2022-03-02T14:53:09.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-decentralized-stablecoin"},"currentChapter":"D","currentSection":"what-is-decryption","chapterTitle":"D","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-decryption","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">