Crypto naming controversy

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The meaning of the word crypto as an abbreviation is controversial. Cryptographers - people who specialize in cryptography - have used the term "crypto" as an abbreviation for their field of study. However, "crypto" has also become a common abbreviation for cryptocurrency.

Contents

Etymologies and definitions

A diagram of the etymologies of cryptography and cryptocurrency. Crypto naming controversy.svg
A diagram of the etymologies of cryptography and cryptocurrency.

The word cryptography derives from the prefix "crypto-" of Greek origin meaning "hidden" and the suffix "-graph" also of Greek origin and meaning "to write". This name reflects cryptography's historical role as the study of codes for secret communication. Still, the prefix crypto appears in many other words, such as cryptofascism (secret support for fascism), cryptosporidium (a parasite), and cryptomnesia (a long-forgotten memory). [1]

The term "cryptography" nowadays refers to an effervescent area of research that has moved beyond secret ciphers to study message authentication, digital signatures, secure multiparty computation and zero-knowledge proofs, among other active areas of research.[ citation needed ]

Cryptocurrencies, on the other hand, are currencies that use cryptography as an underlying mechanism. Nevertheless, most cryptocurrencies only use digital signatures and hash functions. [2]

Usages

Dictionaries such as Merriam-Webster and the Oxford English Dictionary, define "crypto" as a shorthand for cryptography. [2]

Matt Blaze registered the domain crypto.com in 1993, but sold the domain in 2018 to a cryptocurrency company. [3] In 2021, the Staples Center in Los Angeles was renamed to the Crypto.com Arena, referring to the cryptocurrency company now behind the domain. [4]

Descriptivism, as opposed to prescriptivism, is the school of thought that accepts crypto as referring to cryptocurrency rather than cryptography based on the common use of the term. [5]

Opinions

Computer scientist Matthew D. Green stated that most cryptocurrencies barely have anything to do with serious cryptography, aside from trivial use of digital signatures and hash functions.

Matt Blaze stated in 2018 that "I think calling cryptocurrencies 'crypto' is a poor choice, with bad consequences for both cryptography and cryptocurrencies". [6]

Parker Higgins of the Freedom of the Press Foundation stated that the cryptography crowd is by nature deeply invested in precision. [6]

Journalist Lorenzo Franceschi-Bicchierai from Vice compared the controversy to the meaning of the word "hacker", which can used for criminals and curious technology enthusiasts as part of the hacker culture. [2] [5] [1]

The website cryptoisnotcryptocurrency.com features the statement "‘Crypto’ does not mean cryptocurrency, it means cryptography" on a red background and with an emoticon expressing incredulity. [1]

Amie Stepanovich, the executive director of the Silicon Flatirons center at the University of Colorado, created T-shirts bearing the message: "Crypto. It means cryptography." This shirt is popular among cybersecurity experts; it was, for example, worn by Matt Blaze. [5]

Related Research Articles

In cryptography, SHA-1 is a hash function which takes an input and produces a 160-bit (20-byte) hash value known as a message digest – typically rendered as 40 hexadecimal digits. It was designed by the United States National Security Agency, and is a U.S. Federal Information Processing Standard. The algorithm has been cryptographically broken but is still widely used.

A cypherpunk is any individual advocating widespread use of strong cryptography and privacy-enhancing technologies as a route to social and political change. Originally communicating through the Cypherpunks electronic mailing list, informal groups aimed to achieve privacy and security through proactive use of cryptography. Cypherpunks have been engaged in an active movement since at least the late 1980s.

Articles related to cryptography include:

In cryptography, the Elliptic Curve Digital Signature Algorithm (ECDSA) offers a variant of the Digital Signature Algorithm (DSA) which uses elliptic-curve cryptography.

Cryptography, the use of codes and ciphers to protect secrets, began thousands of years ago. Until recent decades, it has been the story of what might be called classical cryptography — that is, of methods of encryption that use pen and paper, or perhaps simple mechanical aids. In the early 20th century, the invention of complex mechanical and electromechanical machines, such as the Enigma rotor machine, provided more sophisticated and efficient means of encryption; and the subsequent introduction of electronics and computing has allowed elaborate schemes of still greater complexity, most of which are entirely unsuited to pen and paper.

<span class="mw-page-title-main">Matt Blaze</span> American researcher

Matt Blaze is an American researcher who focuses on the areas of secure systems, cryptography, and trust management. He is currently the McDevitt Chair of Computer Science and Law at Georgetown University, and is on the board of directors of the Tor Project.

Proof of work (PoW) is a form of cryptographic proof in which one party proves to others that a certain amount of a specific computational effort has been expended. Verifiers can subsequently confirm this expenditure with minimal effort on their part. The concept was invented by Moni Naor and Cynthia Dwork in 1993 as a way to deter denial-of-service attacks and other service abuses such as spam on a network by requiring some work from a service requester, usually meaning processing time by a computer. The term "proof of work" was first coined and formalized in a 1999 paper by Markus Jakobsson and Ari Juels.

<span class="mw-page-title-main">Merkle tree</span> Type of data structure

In cryptography and computer science, a hash tree or Merkle tree is a tree in which every "leaf" (node) is labelled with the cryptographic hash of a data block, and every node that is not a leaf is labelled with the cryptographic hash of the labels of its child nodes. A hash tree allows efficient and secure verification of the contents of a large data structure. A hash tree is a generalization of a hash list and a hash chain.

<span class="mw-page-title-main">Cryptography</span> Practice and study of secure communication techniques

Cryptography, or cryptology, is the practice and study of techniques for secure communication in the presence of adversarial behavior. More generally, cryptography is about constructing and analyzing protocols that prevent third parties or the public from reading private messages. Modern cryptography exists at the intersection of the disciplines of mathematics, computer science, information security, electrical engineering, digital signal processing, physics, and others. Core concepts related to information security are also central to cryptography. Practical applications of cryptography include electronic commerce, chip-based payment cards, digital currencies, computer passwords, and military communications.

<span class="mw-page-title-main">Bitcoin</span> Decentralized digital currency

Bitcoin is a decentralized digital currency. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The cryptocurrency was invented in 2008 by an unknown entity under the name Satoshi Nakamoto. The currency began use in 2009, when its implementation was released as open-source software. The word "bitcoin" was defined in a white paper published on October 31, 2008. It is a compound of the words bit and coin.

BLAKE is a cryptographic hash function based on Daniel J. Bernstein's ChaCha stream cipher, but a permuted copy of the input block, XORed with round constants, is added before each ChaCha round. Like SHA-2, there are two variants differing in the word size. ChaCha operates on a 4×4 array of words. BLAKE repeatedly combines an 8-word hash value with 16 message words, truncating the ChaCha result to obtain the next hash value. BLAKE-256 and BLAKE-224 use 32-bit words and produce digest sizes of 256 bits and 224 bits, respectively, while BLAKE-512 and BLAKE-384 use 64-bit words and produce digest sizes of 512 bits and 384 bits, respectively.

<span class="mw-page-title-main">Cryptocurrency</span> Digital currency not reliant on a central authority

A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. It is a decentralized system for verifying that the parties to a transaction have the money they claim to have, eliminating the need for traditional intermediaries, such as banks, when funds are being transferred between two entities.

In public-key cryptography, Edwards-curve Digital Signature Algorithm (EdDSA) is a digital signature scheme using a variant of Schnorr signature based on twisted Edwards curves. It is designed to be faster than existing digital signature schemes without sacrificing security. It was developed by a team including Daniel J. Bernstein, Niels Duif, Tanja Lange, Peter Schwabe, and Bo-Yin Yang. The reference implementation is public-domain software.

Monero is a cryptocurrency which uses a blockchain with privacy-enhancing technologies to obfuscate transactions to achieve anonymity and fungibility. Observers cannot decipher addresses trading Monero, transaction amounts, address balances, or transaction histories.

Wei Dai is a computer engineer known for contributions to cryptography and cryptocurrencies. He developed the Crypto++ cryptographic library, created the b-money cryptocurrency system, and co-proposed the VMAC message authentication algorithm. The smallest subunit of Ether, the wei, is named after him.

A cryptocurrency wallet is a device, physical medium, program or a service which stores the public and/or private keys for cryptocurrency transactions. In addition to this basic function of storing the keys, a cryptocurrency wallet more often offers the functionality of encrypting and/or signing information. Signing can for example result in executing a smart contract, a cryptocurrency transaction, identification, or legally signing a 'document'.

Cryptocurrency and crime describes notable examples of cybercrime related to theft of cryptocurrencies and some of the methods or security vulnerabilities commonly exploited. Cryptojacking is a form of cybercrime specific to cryptocurrencies that has been used on websites to hijack a victim's resources and use them for hashing and mining cryptocurrency.

A SIM swap scam is a type of account takeover fraud that generally targets a weakness in two-factor authentication and two-step verification in which the second factor or step is a text message (SMS) or call placed to a mobile telephone.

<span class="mw-page-title-main">Emma Best (journalist)</span> American journalist

Emma Best is an American investigative reporter who gained national attention with their work for WikiLeaks and activist Julian Assange. Best is known for prolific filing of Freedom of Information Act (FOIA) requests on behalf of MuckRock and co-founding the whistleblower site Distributed Denial of Secrets (DDoSecrets) which resulted in Best being investigated by the Department of Homeland Security and temporarily banned from filing FOIA requests.

Crypto.com is a cryptocurrency exchange company based in Singapore. As of June 2023, the company reportedly had 80 million customers and 4,000 employees. The exchange issues its own exchange token named Cronos (CRO).

References

  1. 1 2 3 Benchoff, Brian (2018-04-23). "What Does 'Crypto' Actually Mean?". Hackaday . Archived from the original on 2018-04-26. Retrieved 2021-11-23.
  2. 1 2 3 Franceschi-Bicchierai, Lorenzo (2017-11-28). "Cryptocurrencies Aren't 'Crypto'". Vice . Archived from the original on 2020-11-09. Retrieved 2021-11-23.
  3. Robertson, Adi (2018-07-06). "Crypto.com, the multimillion-dollar cryptography domain whose owner refused to sell, has been sold". The Verge .
  4. Young, Jabari (2021-11-17). "Crypto.com buys naming rights to Lakers' Staples Center in a $700 million deal". CNBC. Retrieved 2022-02-26.
  5. 1 2 3 Franceschi-Bicchierai, Lorenzo (2021-11-18). "'Crypto' Means Cryptocurrency. We Lost the War, and It's OK". Vice . Archived from the original on 2021-11-18. Retrieved 2021-11-23.
  6. 1 2 Cantor, Matthew (2021-11-18). "Cryptographers are not happy with how you're using the word 'crypto'". the Guardian . Archived from the original on 2021-11-18. Retrieved 2021-11-23.