What is OTP?
OTP represents a One Time Password, also called a One Time Pin, it is a password for a PC or digital gadget that can be utilized just a single time, OTP is the security of 4 or 6 digits. is the code which is sent to your registered mobile number as an SMS.
If you complete an online payment, then to finish that transaction, you get an SMS on the registered mobile number called OTP (One Time Password) which is paid only after filling it there, as you often recorded while making the payment. It will happen that without entering OTP, your payment cannot be finished, even if you enter the wrong OTP, your payment is not completed.
How OTP is generated How is OTP Generated?
Algorithms are operated to generate OTP, in this two inputs are used, the first is Seed and the second is Static Value which never changes, it is generated at the time when a new account is made and the moving factor changes. That is the reason we get another OTP every time.
- In this, OTP is useful for a short period on the basis of time-synchronization between Authenticator Server and Customer.
- A new password is generated based on the mathematical algorithm.
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