Furthermore, the process is very fast-paced. This gives an avalanche effect to the blockchain which means a slight change in data can significantly affect the overall output.Įncryption and decryption processes ensure the uniqueness of a blockchain wherein every new input has a new output. These two elements make sure that the cryptographic algorithm is secure for all the users to trade. How is encryption and decryption used in cryptography?Įncryption is the process of converting plain text into a coded ciphertext that is unreadable for everyone except the sender(keyholder).Īlternatively, decryption is the process of converting the coded ciphertext into readable text for the receiver. User’s digital wallets are secured using cryptographic codes.This hash code is generated using cryptography. Each block in a cryptocurrency contains a unique code, like a fingerprint that makes it almost impossible to tamper.Without the keys, the user’s account is not protected. They use the public key for tracking the digital currency and the private key for investing and redeeming money. It creates a pair of public and private keys for a crypto investor. Role of cryptography in blockchainĬryptography plays a key role in the blockchain. Thus, cryptography is a hidden piece of writing i.e code used in blockchain technology. Cryptography is a portmanteau derived from the Greek words ‘Kryptos’ which means hidden and ‘graphien’ i.e writing. What is Cryptography?Ĭryptography, in its essence, is a method or protocol developed to make the blockchain secure from any third-party tampering. In this post, we dig into cryptography and the concept of encryption and decryption. And encryption and decryption are the major elements of cryptography. The blockchain is linked together via a coded network called cryptography. This digital asset works on blockchain technology. Cryptocurrency is a virtual currency that is used to trade, invest and make payments.
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