Glossary - ChicksX

Cipher is an algorithm for encrypting and decrypting data, ensuring secure communication and data protection.

Cipher is an algorithm used to encrypt and decrypt data, transforming readable information into an unreadable format and vice versa. In the context of crypto/fiat exchanges like ChicksX, ciphers protect sensitive user data, including transaction details and personal information. This ensures secure communication between parties and safeguards against unauthorized access. Ciphers employ various techniques, such as substitution and transposition, to achieve data confidentiality and integrity. Understanding ciphers is crucial for maintaining security in digital transactions, enhancing trust and reliability in online financial exchanges.