Blockchain and Cryptography
Blockchain And Cryptography "Understanding the wizardry of cryptography and its relation with blockchain" Hi, My name is Mubashir Ali Baig and welcome to the part 2 of my blockchain series. In this post i'll try to explain the concepts of cryptography and its importance in the domain of blockchain. Topics: What is cryptography? Symmetric vs asymmetric cryptography Digital Signatures Under the hood of a block in a chain Nonce and Miners What is a hash? Merkle root What is cryptography? " Cryptography is the process of concealing information such that it can be only converted into its original form if it is received by its intended owner or recipient " There are two major operations in cryptography. Encryption: Conversion of understandable data into an in-comprehensive format Decryption: Conversion of in-comprehensive data back to its original understandable format Types of Cryptography: Symmetric Cryptography Asymmetric Cryptography Symmetric cryptography: In ...
