Discuss the role of encryption in blockchain?
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Answer / Vipin Kumar Vaishya
Encryption plays a crucial role in securing and protecting data on blockchains. The following are some key aspects of encryption in blockchain:
1. Public-Key Cryptography: Blockchain uses public-key cryptography, where each user has a pair of keys—a private key (kept secret) and a public key (shared publicly).
2. Secure Transactions: Encryption ensures that transactions on the blockchain are secure from unauthorized access.
3. Data Integrity: Through hashing and digital signatures, encryption helps maintain data integrity in the blockchain by ensuring that once data is added to the chain, it cannot be altered without detection.
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