Essays on Crypto

Bank of America: Broadening Internet Frontiers

Introduction With the advent of various digital technologies, the banking industry experienced serious changes (Andal-Ancion, Cartwright & Yip, 2003). Thus, the biggest portion of communicational and significant part of transactional activities shifted from real to the web area. However, together with advantages, the development of web-technologies pose a number of serious challenges, which should be always accentuated by the managers of Bank of America. The purpose of this research is to examine web-technology aspects relatable to the development of this institution. In particular, this paper evaluates current areas of using web-technology by Bank of America, and analyses the potential of ...

Cryptography is an art that is involved in writing and interpreting secret messages. It involves encrypting messages into symbols, numbers, and letters that form a different meaning to conceal the message. In other words, it is the use of codes to conceal a message. In the past, cryptography was very common, especially during epochs of combat where it was deployed to communicate coded messages (Bauer 34). It was an important tool that a particular community would use to conceal messages from their enemies. Today, this mode of communication is rarely used. However, codes are commonly used in technology, especially ...

Kyle Torpey. “Hyperinflation in Venezuela: How Bitcoin May Help.” Inside Bitcoins. The problem with the Venezuelan economy is that it has been collapsing for a long time so far. Bolivar, endemic currency, has lost in value so significantly that nowadays even the biggest bill in the Venezuelan system costs maximum sixty American cents. That is why the Venezuelan economy badly needs a boost. Potentially a very good boost of Venezuelan economy may be introducing bitcoin. The idea is to trade bolivars to bitcoins and therefore reduce the amount of bolivars in Venezuela therefore increasing their value. However, there is ...

Question 1

A hardware security module is identified as a secure Crypto processor, which is liable for managing digital keys and accelerating the system, in terms of digital signals per second. Therefore, this provides a strong authentication to access some of the significant keys for server applications (White & Edward, 2007). It is essential to have the hardware security function since; they provide a foundation for data protection in an organization. This enables organizations to take advantage of rights movement, data encryption and digital signing within the organization itself (Safford, 2002).

On the contrary, this hardware security module is faced with certain challenges. Some of ...