There is no encryption in Bitcoin. It uses asymmetric cryptography for signatures, and it uses hashing. Encryption might be used by wallets, but that is not part of the consensus layer and therefore not part of Bitcoin.
No. Encryption is just one type of cryptography, used to make data unreadable without the secret key. Signatures are something else, used to prove that the holder of a secret signed the public data. Zero knowledge proofs are another, used to prove you know a secret without revealing it. It's a fascinating subject.
DSMan195276|4 years ago
MattPalmer1086|4 years ago
drexlspivey|4 years ago
manojlds|4 years ago
Isn't that...asymmetric encryption?
HPsquared|4 years ago
Hashing isn't really the same as encryption; hashes can't be decrypted.
nabla9|4 years ago