Without public key cryptography, we would not have the internet as we know it, economist Tim Harford says on his BBC-produced 50 Things That Made the Modern Economy podcast. We use cryptography every time we send a work email, buy something online, or use a banking app. Harford tells the story of public key cryptography – and the battle between the geeks who developed it, and the government which tried to control it. It all started with scientists who managed to turn the Diffie–Hellman theory into a practical technique called RSA encryption “Some mathematics are much easier to perform in one direction than another. Take a very large prime number … then take another. Multiply them together. That’s simple enough and gives you a very, very large ‘semi-prime’ number. That’s a number that’s divisible only by two prime numbers. Now, challenge someone else to take that semi-prime number a figure out which two prime numbers were multiplied together to produce it. That, it turns out, is exceptionally hard. Public key cryptography works by exploiting this difference” (runtime 09:10).
More from Enterprise
Your points are currency, treat them like one
Most people treat credit card points like a pleasant surprise:…
How should young people think about money and budgeting?
Your income and your time are your biggest assets in…
New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls…
The apps reshaping how we manage money
Today, users can invest in stocks, gold, or money market…