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Assets?","featured_image_id":6542,"status":"published","chapter_id":7,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-get-free-crypto","featured_image":{"id":6542,"uuid":"4fceb9ab-391e-4ef9-b00d-c871a49878a3","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-get-free-crypto.o.jpg","path":"crypto/storage/media/how-to-get-free-crypto.o.jpg","original_path":"crypto/storage/media/how-to-get-free-crypto.jpg","name":"how-to-get-free-crypto.o.jpg","original_name":"how-to-get-free-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.93KB"},"youtube_video":null},{"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main 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Crypto?","featured_image_id":11394,"status":"published","chapter_id":7,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-fud","featured_image":{"id":11394,"uuid":"defd32c5-d3e1-4e66-9f58-e2ee316bad3a","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-fud-featured-image.jpg","path":"crypto/storage/optimized/what-is-fud-featured-image.jpg","original_path":"crypto/storage/original/what-is-fud-featured-image.jpg","name":"what-is-fud-featured-image.jpg","original_name":"what-is-fud-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"65.30KB"},"youtube_video":null},{"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your Risks?","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":8,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/investing-in-cryptocurrency","featured_image":null,"youtube_video":null},{"slug":"what-is-a-rug-pull-in-crypto","title":"What is a Rug Pull in Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto 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Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":382,"original_id":null,"author_id":42,"translator_id":null,"title":"Who is Hal Finney?","slug":"who-is-hal-finney","section":"H","keyword":"Hal Finney","status":"published","definition":"a programmer and cryptographer who was involved in the invention of Bitcoin.","content":"<p>Hal Finney was a programer and cryptographer involved in the development of Bitcoin and the first-ever recipient of the <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin (BTC)</strong></a> transaction received from <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/who-is-satoshi-nakamoto/">Satoshi Nakamoto</strong></strong></a> in 2009. Finney was also the first developer, aside from Satoshi Nakamoto, to use and improve the Bitcoin protocol. Besides that, Hal Finney contributed to <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/Pretty_Good_Privacy/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong><strong>PGP Corporation's encryption software</strong></strong></a> and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-tor/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Tor's</strong></a> first <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/Anonymous_remailer/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>anonymous remailer</strong></a> development.</p>\n<p>There were rumors that Hal Finney is the real Satoshi Nakamoto because he had a neighbor named <strong>Dorian Nakamoto</strong> who could have been the inspiration for the nickname. Besides, according to analyst firm Juola &amp; Associates, Finney&rsquo;s handwriting <strong>had a very close resemblance to Satoshi&rsquo;s</strong>. However, after Finney revealed emails between him and Satoshi, as well as his BTC wallet, these rumors were denied.</p>\n<p>Finney's work is still being <strong>praised to this day</strong>, despite his death from ALS in 2014, since he remains one of the most prominent and important innovators in the tech industry.</p>","level":"easy","meta_title":"Who is Hal Finney? Definition & Meaning | Crypto Wiki","meta_description":"Hal Finney meaning: Hal Finney - a programmer and cryptographer who was involved in the invention of Bitcoin.","meta_keywords":null,"language":"en","created_at":"2022-03-16T14:45:51.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/who-is-hal-finney"},"prevSection":{"id":996,"original_id":null,"author_id":43,"translator_id":null,"title":"What is Gossip Protocol?","slug":"what-is-gossip-protocol","section":"G","keyword":"Gossip Protocol","status":"published","definition":"peer-to-peer communication between any type of digital device.","content":"<p><strong>Gossip Protocol</strong> is a <strong>computer communication protocol</strong> based on a <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-peer-to-peer-p2p/">peer-to-peer network</strong>. The term is a play on words derived from everyday gossip.</p>\n<p>This term is often used in computer science. Here, the gossip protocol outlines the communication within a distributed network. The communication itself happens when the information is transmitted between other computer <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-node/">nodes.&nbsp;

/n

Gossip protocol entails <strong>the broadcasting of information between multiple computers until every computer has received it</strong>.&nbsp;</p>\n<p>There is a variety of different Gossip protocols. Every one of them has been developed based on the needs of the end-user, or even specific circumstances or environment.&nbsp;</p>\n<p>Hashgraph, a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-distributed-ledger-technology-dlt/">distributed ledger technology</strong></a>, is one of the few examples that facilitate the gossip protocol. It was launched by Leemon Baird. Hashgraph implements an asynchronous Byzantine Fault Tolerance (aBFT) consensus mechanism.</p>\n<p>In this case, the network nodes collect and summarize transaction-related data and distribute it among random neighbor nodes. Hashgraph builds a data-filled tree of events, unlike a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-blockchain/">blockchain building a chain of blocks.</p>\n<p>​​M&aacute;rk Jelasity, a professor at the University of Szeged, states that gossip manifests itself in one of two ways: <strong>information aggregation</strong> a.k.a. distributed data mining, or <strong>information dissemination</strong> a.k.a. multicast.</p>\n<p>Information aggregation gossip type summarizes and distributes information. Meaning it directly processes said information. Meanwhile, information dissemination gossip type operates like a traditional data distribution model.</p>\n<p>They are the main components of distributed systems on a large scale.</p>","level":"easy","meta_title":"What is Gossip Protocol? Definition & Meaning | Crypto Wiki","meta_description":"Gossip Protocol meaning: Gossip Protocol - peer-to-peer communication between any type of digital device.","meta_keywords":null,"language":"en","created_at":"2022-05-19T05:49:55.000000Z","updated_at":"2022-06-07T11:49:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-gossip-protocol"},"currentChapter":"H","currentSection":"what-is-hardware-security-module-hsm","chapterTitle":"H","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-hardware-security-module-hsm","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">

Crypto Terms: Letter H

What is Hardware Security Module (HSM)?

Hardware Security Module (HSM) MEANING:
Hardware Security Module (HSM) - Hardware Security Module is a computing device that allows to secure digital keys, encrypt data, and add extra security for cryptographic authentications.
Easy
1 minute

Let's find out Hardware Security Module (HSM) meaning, definition in crypto, what is Hardware Security Module (HSM), and all other detailed facts.

Hardware Security Module (HSM) can be used in order to secure and encrypt digital data while providing cryptographic authentications. In general, businesses use HSMs to protect data verification and transactions.

Federal Information Processing Standard (FIPS) establishes the requirements for HSMs. There are necessary requirements like the use of customized hardware and a secure operating system (OS). Additionally, it must protect data by using cryptographic storage and a secure network.

There are three types of HSM hardware: general-purpose, transaction/payment, and cloud-based. When it comes to the latter, well-known platforms like Microsoft Azure and Google Cloud are considered to be cloud-based HSM. 

Generic data protection applications and cryptocurrency wallets make good use of general-purpose HSMs. Whereas transaction/payment HSMs are specifically designed for digital payments. It helps with PIN technology safety and electronic funds transfers (ETF).