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Which crypto should I buy? How do you spot a crypto scam? (Explain Like I’m 5)
- 394549 8y ago> Which crypto should I buy? RSA and AES are good choices, but you shouldn't have to buy and implementation, as there are several good open source ones available for free. > How do you spot a crypto scam? One important clue: is the crypto algorithm being kept secret? Good cypto should rely on the key for security, if the algorithm is not available for inspection, it's likely weak. There's a saying: "never roll your own crypto." Creating cypto is very hard, so unless you have the relevant skill and expertise, what you make will likely have fatal flaws.
- smt88 8y agoI think you misinterpreted the question. It's about cryptocurrencies, not about cryptographic algorithms.
- 394549 8y ago> I think you misinterpreted the question. It's about cryptocurrencies, not about cryptographic algorithms. I knew that. I was just having fun with the misappropriation of the term "crypto."