What are the different cryptographic algorithms used in the blockchain technology?

3 answers

• loser_555Oct 03, 2023 · 2 years ago
  Sure! Cryptographic algorithms play a crucial role in ensuring the security and integrity of the blockchain. Some commonly used algorithms include SHA-256, which is used in Bitcoin, and Ethereum's Keccak-256. These algorithms are used for hashing and provide the necessary cryptographic properties to secure the transactions and blocks in the blockchain. They ensure that the data stored in the blockchain cannot be tampered with or modified without detection. Additionally, algorithms like ECDSA (Elliptic Curve Digital Signature Algorithm) are used for digital signatures, providing authentication and non-repudiation in the blockchain. Overall, these cryptographic algorithms are essential for maintaining the trust and immutability of the blockchain.
  754

  377
• Giorgi ZanqaidzeJun 02, 2023 · 2 years ago
  Well, when it comes to cryptographic algorithms in blockchain, there's a whole bunch of them! You've got your SHA-256, which is like the rockstar of the blockchain world. It's used in Bitcoin and many other cryptocurrencies. Then there's Keccak-256, which is Ethereum's go-to algorithm. These algorithms are used for hashing, which basically means turning data into a fixed-size string of characters. This helps ensure the security and integrity of the blockchain by making it virtually impossible to tamper with the data. And let's not forget about ECDSA, the algorithm behind digital signatures in the blockchain. It's like the virtual seal that guarantees the authenticity of transactions. So yeah, these cryptographic algorithms are the unsung heroes of the blockchain!
  773

  258
• devmudeiziJul 18, 2021 · 4 years ago
  In the world of blockchain, cryptographic algorithms are the superheroes that protect the integrity and security of the data. One of the most famous cryptographic algorithms is SHA-256, which is used in Bitcoin. It's like the fortress that guards the blockchain against any malicious attacks. Ethereum, on the other hand, has its own favorite algorithm called Keccak-256. It's like the shield that protects the data from being tampered with. These algorithms use complex mathematical calculations to ensure that the data stored in the blockchain remains unchanged and secure. And let's not forget about ECDSA, the algorithm that enables digital signatures in the blockchain. It's like the superhero cape that guarantees the authenticity of transactions. So, these cryptographic algorithms are the backbone of the blockchain, ensuring that it remains a trusted and secure technology.
  882

  221