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RE: Ledger Tutorial: Top 3 Questions About Hardware Wallet Security - LeoFinance Podcast #36

in Threespeak - OLD2 years ago

The Time-Based One Time Password ( PROGRAM TOTP TOKEN ) is a multi-factor authentication scheme that uses a combination of a secret seed password and a dynamic code. It is designed to protect against replay attacks, which occur when criminals record network traffic. Using TOTP, attackers are unable to access a database, website, or other network service unless they possess a valid TOTP.