What role does cryptography play in blockchain technology?
An example of an AI chatbot conversation about cryptography's role in blockchain.
What role does cryptography play in blockchain technology?
Cryptography is essential in blockchain as it secures transactions, ensures data integrity, and maintains user privacy.
Can you explain how hashing works in this context?
Sure! Hashing transforms data into a fixed-size string of characters, which is unique to the original data, ensuring integrity.
What are public and private keys?
Public keys are shared with others to receive transactions, while private keys are kept secret to sign transactions.
How does cryptography prevent fraud in blockchain?
It prevents fraud by ensuring that once a transaction is recorded, it cannot be altered without consensus from the network.
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