Database System Concepts
7th Edition
ISBN: 9780078022159
Author: Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher: McGraw-Hill Education
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Question
Examine the role of encryption in blockchain technology. How does it contribute to the security and immutability of blockchain transactions?
Expert Solution
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Step 1: About blockchain :
Blockchain is a decentralised technology that is used to securely record the transactions on multiple devices.
It follows the principles of cryptography that ensures the data integrity and transparency among the parties involved in the transaction happening.
Some famous blockchain products are Bitcoin and Etherum.
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- Explain why public key encryption is more useful for securing communi-cations on the Internet than private (shared) key encryption.arrow_forwardToday's hot topic is the blockchain and cryptocurrency. Describe the blockchain's underlying technology and how cryptocurrencies are linked to it.arrow_forwardDescribe the process of public key encryption and how it differs from symmetric key encryption. When is it advantageous to use public key encryption?arrow_forward
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