Blockchain cryptographic and it importance in blockchain

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Blockchain technology brought about advanced changes in terms of security and privacy before its inception transactions done among users are solely under surveillance either from the centralized financial systems or government officials, these gave multiple users the notion of being monitor in every large transaction they are conducting with these big organization would prefer to conduct a basic transaction using checks or direct contact to counter direct or indirect monitoring.

Blockchain CryptoGraphy

With blockchain technology, digital encryption was achieved through cryptography making it possible for users to send transactions and massage in an encrypted format that can only be decrypted by the recipient.

Cryptography is coined from two words crypto which means secret while cryptograph which is using computer language to write secret words.

Blockchain cryptography integrates the use of blockchain technology to secure the network protocols making transactions, sending, and receiving messages among users private against public access.

How it works

There are key important features that are needed for blockchain cryptography to be achievable the sender the receiver and finally encryption and decryption keys once both parties are connected to the right blockchain server and internet then transactions, sending, and receiving messages can be communicated.
The encryption key and decryption key are unique features in blockchain cryptography as they made it possible for users transactions to be inaccessible to the public.

Therefore primary purpose of blockchain cryptography is to safeguard and ensure all transactions conducted among users are encrypted against public access only the recipient is eligible for decryption of such transactions.

Importance of blockchain cryptography

  • With blockchain cryptography transactions in digital cryptocurrency are made anonymous through the use of cryptography.

  • Blockchain cryptography guarantees the security of users' transactions.

  • It prevents double-spending of cryptocurrency.

  • Blockchain cryptography is also used for the verification of crypto transactions.

Examples of blockchain platforms that use blockchain cryptography

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  • Monera blockchain is one of the leading blockchain technology that ensures users privacy are of primary priority it's a top-notch blockchain platform that has integrated the use of blockchain cryptography to keep users transactions anonymous.

  • Zcash blockchain is another blockchain protocol that integrates the use of cryptography to secure it, users' transactions Zcash uses a cryptographic tool called Zero-Knowledge Proof and grants participants an option to shield transactions.

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