How does public-key cryptography ensure the integrity of decentralized digital currencies?

3 answers

• sergioJunioroApr 05, 2023 · 2 years ago
  Public-key cryptography plays a crucial role in ensuring the integrity of decentralized digital currencies. It uses a pair of cryptographic keys, a public key and a private key, to secure transactions and protect the authenticity of digital assets. When a user wants to send a transaction, they use their private key to create a digital signature. This signature is then verified using the corresponding public key, which is available to everyone. If the signature is valid, it proves that the transaction was indeed sent by the owner of the private key, ensuring the integrity of the transaction and preventing tampering or forgery.
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• Rahul ParjapatJan 23, 2024 · a year ago
  Public-key cryptography is like the superhero of decentralized digital currencies. It swoops in to save the day by ensuring that transactions are secure and trustworthy. With its trusty sidekick, the private key, public-key cryptography creates a digital signature that acts as a seal of authenticity. This signature is then checked against the public key, which is like the secret decoder ring that everyone has access to. If the signature matches, it means the transaction is legit and hasn't been tampered with. So, rest assured, your digital assets are safe and sound thanks to public-key cryptography!
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• Nurettin CerrahJun 19, 2023 · 2 years ago
  Public-key cryptography is the backbone of decentralized digital currencies, ensuring that transactions are secure and tamper-proof. It works by using a pair of keys, a public key and a private key. The public key is available to everyone, while the private key is kept secret. When a user wants to send a transaction, they use their private key to create a digital signature. This signature is then verified using the corresponding public key. If the signature is valid, it proves that the transaction was indeed sent by the owner of the private key. This prevents any unauthorized changes to the transaction and ensures the integrity of the decentralized digital currency system.
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