in Technology by
What is cryptography? What is its role in Blockchain?

1 Answer

0 votes
by

Blockchain uses cryptography to secure users’ identities and ensure transactions are done safely with a hash function.

Cryptography uses public and private keys in order to encrypt and decrypt data. In the Blockchain network, a public key can be shared with all the Bitcoin users but a private key (just like a password) is kept secret with the users.

Blockchain uses SHA - 256 which is secure and provides a unique hash output for every input. The basic feature of this algorithm is whatever input you pass, it will give you a standard alphanumeric output of 64 characters. It is a one-way function from which you can derive an encrypted value from the input, but not vice-versa.

Related questions

0 votes
    What is a Genesis Block in Blockchain?...
asked Jan 22, 2023 in Technology by JackTerrance
0 votes
    What are the different types of Blockchain?...
asked Jan 22, 2023 in Technology by JackTerrance
0 votes
    How to identify a block in Blockchain?...
asked Jan 22, 2023 in Technology by JackTerrance
0 votes
    How is Blockchain distributed ledger different from a traditional ledger?...
asked Jan 22, 2023 in Technology by JackTerrance
0 votes
    What are blocks in Blockchain technology?...
asked Jan 22, 2023 in Technology by JackTerrance
0 votes
    What is Merkel Tree in Blockchain?...
asked Jan 22, 2023 in Technology by JackTerrance
0 votes
    What are the differences between Blockchain and Hyperledger?...
asked Jan 22, 2023 in Technology by JackTerrance
0 votes
    What happens when you try to deploy a file with multiple contracts?...
asked Jan 22, 2023 in Technology by JackTerrance
0 votes
    What is blockchain technology and how does it work and what is its advantages? Select the correct answer from above options...
asked Dec 19, 2021 in Education by JackTerrance
0 votes
    What is blockchain technology and how does it work and what is its advantages? Select the correct answer from above options...
asked Dec 18, 2021 in Education by JackTerrance
0 votes
    Streams which play vital role in gulp, has its origin from __________. a) Unix b) Node.js c) ... and Answers 🔗Source: Continuous Integration Interview Questions and Answers...
asked Dec 20, 2020 in Technology by Editorial Staff
0 votes
    Streams which play vital role in gulp, has its origin from __________. A. Unix B. Node.js C. Gulpfile.js D. None of the Options E. All the options...
asked Jan 31, 2023 in Education by JackTerrance
0 votes
    As an application of cryptography, digital Signatures and MACs can be used for_____________. (1)Authentication (2)Confidentiality (3)Integrity (4)Availability...
asked Mar 22, 2021 in Technology by JackTerrance
0 votes
    In digital cryptography, each character is represented as__________. (1)1 bit (2)16 bits (3)12 bits (4)8 bits...
asked Mar 21, 2021 in Technology by JackTerrance
0 votes
    The idea behind “confusion” in cryptography is to hide the relationship between the plaintext and ciphertext. (1)True (2)False...
asked Mar 21, 2021 in Technology by JackTerrance
...