Block Chain and Cryptography
Block Chain and Cryptography
PUBLIC KEY
KEY:: Shared with others to receive
transactions.
PRIVATE KEY : Kept secret to authorize
transactions.
Roles of Cryptography in block
chain
data and
Cryptography plays a crucial
confidensially
role in ensuring the security,
Data integrity
integrity, and authenticity of through hasing
blockchain transactions. Here Autheraisation
are its key roles and Digital
signatures
Cryptography techniques in
blockchain
HASHING : SHA-256 used in Bitcoin
PUBLIC-KEY CRYPTOGRAPHY: RSA, Elliptic Curve
Cryptography (ECC)
DIGITAL SIGNATURES: Ensuring transaction
authenticity
MERKLE TREES: Efficient data verification
Blockchain Applications :
CRYPTOCURRENCIES : Bitcoin, Ethereum
SMART CONTRACTS : Auto mating
agreements
SUPPLY CHAIN MANAGEMENT: Enhancing
transparency
HEALTHCARE :Securing patient records
VOTING SYSTEMS : Improving election
integrity
Advantages and challenges :
ADWANTAGES :
security Decentraliztion
transparency Reduced fraud
CHALLENGES :
Scalability Energy consumption
Regulatory concerns
Future of blockchain and
cryptography
Evolution of quantum-resistant cryptography