{"id":121,"date":"2022-08-05T12:00:00","date_gmt":"2022-08-05T12:00:00","guid":{"rendered":"http:\/\/netchunk.com\/en\/blog\/?p=121"},"modified":"2022-06-16T11:23:35","modified_gmt":"2022-06-16T11:23:35","slug":"difference-between-cyptography-and-cryptocurrency","status":"publish","type":"post","link":"https:\/\/netchunk.com\/en\/blog\/cryptocurrency\/difference-between-cyptography-and-cryptocurrency\/","title":{"rendered":"Difference Between Cyptography and Cryptocurrency"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Cryptocurrency has made people millionaires and turned people\u2019s lives into dreams, also cryptocurrency has done the opposite &#8211; making people lose all their savings and turn completely broke. <br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Maybe it sounds like gambling to you?<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If yes, then you might be right in a way because most types of investments are a gamble a little bit.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But in the gamble of the cryptocurrency losers are those, who aren\u2019t educated (no knowledge of basic things) enough about cryptocurrencies or just people who put all their funds in cryptocurrencies without doing the necessary analysis.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The ones who lost probably didn\u2019t know the difference between cryptocurrency and cryptography.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And you can be happy because you\u2019re here reading this post, and if you keep reading it you will gain knowledge that will make you take a step forward &#8211; away from the unwanted losses.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To figure out the difference between something we need to know and understand individually what those things are before we start looking for their differences, so let\u2019s find out what\u2019s cryptography, then &#8211; what\u2019s a cryptocurrency and, then we can move into the area of figuring out the difference between them.<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>\u201cHidden-writing\u201d<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.extremetech.com\/wp-content\/uploads\/2015\/10\/crypto-head-640x353.jpg\" alt=\"\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Cryptography, also known as cryptology comes from two words. <br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Those two words are \u201ccrypt\u201d and \u201cgraphy\u201d with two different meanings &#8211; as you expected.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cCrypt\u201d stands for \u201chidden\u201d or \u201cvault\u201d, but \u201cgraphy\u201d means \u201cwriting\u201d, so the title now makes sense and probably you now can imagine what\u2019s cryptography, if you can\u2019t &#8211; don\u2019t worry because now we\u2019re going to dive deeper in it.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cryptography, as its name may give off is creating written or generated codes whose job is keeping the information a secret, the codes do it by taking the data or information and turns that data into an unreadable format &#8211; not completely unreadable but only unreadable for unauthorized users.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The idea for cryptography is to create codes that are hard to decrypt because if you want to decrypt the code and read the information, you need a special key that is made for decrypting the specific code.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Long story short, cryptography is:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>writing a message or information<\/li><li>generating a code that will hide the information and is hard to decrypt<\/li><li>generating a complex cryptographic key known only to the recipient of the message<\/li><li>decrypting the code with the cryptographic key and reading the information<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What\u2019s The Point of Cryptography?<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.irishtimes.com\/polopoly_fs\/1.3246054.1507230438!\/image\/image.jpg_gen\/derivatives\/box_620_330\/image.jpg\" alt=\"\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Before we move to understand what really is a cryptocurrency, here\u2019s what cryptography is often used to protect:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Data privacy<\/li><li>Web browsing<\/li><li>Credit card transactions<\/li><li>Email <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>You Must Understand What\u2019s Cryptocurrency If You\u2019re Living In The 21st Century<\/strong><br><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn.images.express.co.uk\/img\/dynamic\/22\/590x\/cryptocurrency-predictions-2018-914087.jpg\" alt=\"\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">In these days we live in, cryptocurrency is a hot and trending topic.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A lot of businesses, banks, and governments are conscious of cryptocurrencies, even though most people aren\u2019t really educated or smart on the topic of cryptocurrency but we have to realize that cryptocurrency is our future and we should be ready for it.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So, let\u2019s dig into this topic and first of all &#8211; define cryptocurrency in a way that\u2019s understandable to a human.<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Money That Doesn\u2019t Have A Smell<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/fsmedia.imgix.net\/b8\/04\/b1\/08\/775c\/4648\/b62a\/446ec965b04d\/cryptocurrency-market-value-drops-below-300-billion.jpeg?rect=0%2C713%2C4240%2C2119&amp;auto=format%2Ccompress&amp;dpr=2&amp;w=650\" alt=\"\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Just reading the word you can notice it\u2019s actually two words &#8211; \u201ccrypto\u201d and \u201ccurrency\u201d, are you starting to have some idea what could it be? Maybe it\u2019s \u201chidden currency\u201d?<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you had that thought &#8211; good job, but really cryptocurrency is just like normal money or currencies, only cryptocurrencies are in the digital world and it lays on cryptography and encryption &#8211; that way the transactions of crypto coins and currencies are secure.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">No more cash, credit cards, and even checks, actually, you don\u2019t even need a bank &#8211; that\u2019s what cryptocurrency is all about, and you can send it directly to others, that\u2019s why no bank is necessary.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Also, what people like about cryptocurrency transactions is that things like social security or credit score aren\u2019t needed. Cryptocurrencies keep a record of all transactions and then those transactions get grouped into blocks, cryptographically signed blocks (did you notice cryptography sneaking in?)<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With all these benefits of cryptocurrencies, there are even more. You can send money from one country to another without paying the enormous international fees, also, payment frauds aren\u2019t possible with cryptocurrencies because you can only spend what you have.<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Biggest of Them All<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn-images-1.medium.com\/max\/2600\/1*BnXHRV0vQCqJqpzE6escSQ.jpeg\" alt=\"\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">And there are many types of cryptocurrencies to choose from, some are worth more, some less, and the same with their stability &#8211; some are fewer fluctuations, some more.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Definitely, the most famous one of the currencies of the crypto is Bitcoin. (Fun fact: cryptocurrencies are a side product of Bitcoin and the invention of Bitcoin wasn\u2019t to make a currency.) It\u2019s so famous that more people know what\u2019s Bitcoin but has no idea what\u2019s cryptocurrency.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin started becoming famous when its value of it started rising lightning-fast unexpectedly, but aside from Bitcoin there are other cryptocurrencies like Litecoin, Dash and Ripple, Ethereum, and many more, in fact, there are so many that you can even create your own cryptocurrency! <br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cryptocurrencies Are Going To Destroy Banks<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">To sum up, cryptocurrency is a brand new way of making secure transactions without the intervention of banks and that also means &#8211; a really small commission fee! But the priority of cryptocurrency is security that\u2019s provided by modern technologies based on cryptography and blockchain.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cryptocurrencies are not going away anytime soon &#8211; they\u2019re here to stay and change the world around us, in fact, they\u2019re already changing it. In order to protect themselves from the devaluation of their national currency, many people buy Bitcoin.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Of course, banks and national governments are realizing it and they understand that cryptocurrencies can seize their power.<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Turns Out Cryptography and Cryptocurrency Isn\u2019t The Same Thing<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">I\u2019m glad you got this far. Congratulations on reading through all this information because now you know that cryptography and cryptocurrency aren\u2019t the same things, in case you didn\u2019t know that before.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can tell the difference yourself, but it\u2019s really simple &#8211; <strong>cryptography isn\u2019t a digital currency but cryptocurrency is, and cryptography does support the security of cryptocurrency.<\/strong><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency has made people millionaires and turned people\u2019s lives into dreams, also cryptocurrency has done the opposite &#8211; making people lose all their savings and turn completely broke. Maybe it sounds like gambling to you? If yes, then you might be right in a way because most types of investments are a gamble a little [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":122,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Difference Between Cyptography and Cryptocurrency - NetChunk Blog<\/title>\n<meta name=\"description\" content=\"In this article, we will talk about the difference between cryptography and cryptocurrency, which many people have no idea about it.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/netchunk.com\/en\/blog\/cryptocurrency\/difference-between-cyptography-and-cryptocurrency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Difference Between Cyptography and Cryptocurrency - 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