• shortwavesurfer@monero.town
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    7 months ago

    Yes, but a password is a shared secret. So both you and the person you are interacting with need the password and therefore it is more vulnerable. With a past key, only you have the private key and the company or service you are interacting with never has access to the secret. Basically, they encrypt a message to you using your public key and then your private key decrypts it and sends them a response back with the correct answer.

    • AtariDump@lemmy.world
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      7 months ago

      With a past key, only you have the private key and the company or service you are interacting with never has access to the secret.

      But if you’re using it now, wouldn’t it be a present key?