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CryptographyClassification of cryptographic algorithms is based on the number of keys employed for encryption and decryption: symmetric encryption, asymmetric encryption. Cryptocurrencies stay secure by relying on modern asymmetric encryption methods and the secure nature of transactions on a blockchain. Cryptocurrency holders. Common Encryption Algorithms � 1. Triple DES � 2. AES � 3. RSA Security � 4. Blowfish � 5. Twofish.