What is encryption? What is its role in Blockchain?

41 Views Updated: 31 Dec 2018
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give me detail of role in Blockchain

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Encryption is the process of encoding a message or information in such a way that only authorized parties can access it and those who are not authorized cannot.Encryption does not itself prevent interference, but denies the intelligible content to a would-be interceptor.

Blockchain technology is revolutionizing the way in which information is stored and shared. It facilitates the creation of a distributed public ledger of transactions that is transparent, secure, self-validating, and cannot be forged. Tampering or tinkering with the data is impossible as a copy exists with every user or participating nodes. 

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Encryption is the process of converting data to an unrecognizable or "encrypted" form. It is commonly used to protect sensitive information so that only authorized parties can view it.

The data  registered in the blockchain are encrypted, making payments safe and working fine, securely in a peer to peer model.

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