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Encryption is the process of encoding information into a ciphertext that only authorized parties can decode. Encryption isn't used in the Bitcoin protocol itself, however it can be used e.g. for encrypting wallet backups or peer-to-peer communications.

2 votes

Papers/Books on how bitcoin works from a mathematical perspective?

www.springer.com catalog is worth checking out - technical and well respected. Andreas Antonopolous has a book out from O'Reilly (it is also available on github). https://bitcoin.org/en/resources - …
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