Blockchain Technology

Blockchain & Cryptography

Cryptography is the method of securing important data from unauthorized access. In the blockchain, cryptographic ways are a part of security protocols. It secures a sale taking place between two bumps in a blockchain network. As we know from our former conversations, blockchain technology is based on three main pillars; Distributed ledger, Peer- to- peer network, and Cryptographic security. The successful and safe working of a distributed ledger system and the point- to- point network is insolvable without a robust security technique in place. Blockchain uses two types of security approaches i.e. Cryptography and Hashing. The introductory difference between these two is that cryptography is used to encrypt dispatches in a Point- to- Point network. Whereas, hashing is used to secure block information and link blocks in a blockchain.