Posts

Blockchain and Cryptography

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  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

Introduction To Blockchain

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  Introduction To Blockchain   " Understanding the bare-bones of the decentralized realm" Topics: What is Blockchain. Why do we need it in today's world. Peer-To-Peer networks (P2P) Importance of Verification and Transparency Hi, My name is Mubashir Ali Baig and this is my multi part series of understanding what blockchain is all about and what are some of the most important aspects that differentiate a decentralized network from the conventional centralized networks. I'll try my best to explain the above mentioned topics without going deep into the technical jargon. What is Blockchain: By the standard definition: " A blockchain or "block chain" is a growing list of records in the form of virtual blocks . " These blocks are linked together using some unique encrypted pointers called hashes. To simply put, it resembles to the linked  list data structure in which each node points to the next node using a pointer address which in the case of blockchai