Can you explain the role of cipher in blockchain technology?

3 answers

• Dec 19, 2021 · 3 years ago
  Cipher plays a crucial role in blockchain technology by providing encryption and decryption mechanisms that ensure the confidentiality and integrity of data. It helps protect sensitive information and prevent unauthorized access to the blockchain. Without cipher, the blockchain would be vulnerable to attacks and data breaches.
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• Dec 19, 2021 · 3 years ago
  In simple terms, cipher is like the lock and key of the blockchain. It encrypts the data before it is added to the blockchain and decrypts it when needed. This ensures that only authorized parties can access and understand the information stored in the blockchain. Cipher algorithms, such as AES and RSA, are used to perform these encryption and decryption operations.
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• Dec 19, 2021 · 3 years ago
  Cipher is an essential component of blockchain technology. It ensures the privacy and security of transactions by encrypting the data using complex mathematical algorithms. This makes it extremely difficult for hackers to decipher the information and tamper with the blockchain. At BYDFi, we prioritize the use of strong cipher algorithms to protect the integrity of our users' transactions and data.
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