![]() No two One Time Password’s are similar.įig. A backend algorithm is in place that generates a unique string of numbers each time, taking time-based data and contextual information into account. OTP generally comprises a string of numbers or characters. It adds a second layer of security in the verification process. It is very important in the process of verifying the identity of user. It authenticates the user for a single login attempt. Some applications or websites use it as confirmation for transactions.įig. When you try to login to any payment related application, it requires “One Time Password” Entry. Authentication using OTP is very common in our daily life. OTP stands for One Time Password or One Time Pin. ![]() Disadvantages of One Time Password What does OTP Mean | OTP Meaning.OTP Meaning in Text Message| What does OTP Stand for. ![]()
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