Cryptography in Blockchain | Ronak Malani
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Cryptography in Blockchain
Cryptography is a key component of blockchain technology. It is used to secure the transactions and ensure their authenticity. Every transaction made on a blockchain network is secured through a digital signature, which is created using a specific set of cryptographic algorithms.
This digital signature is unique to the sender and ensures that the transaction can only be initiated by the true owner of the assets.
In addition, cryptography is used to secure the blockchain itself, through the use of complex mathematical algorithms that are used to secure and verify the integrity of the data stored on the blockchain.
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