Blockchain encryption design

1. blockchain encryption algorithm
asymmetric encryption algorithm is a function that converts the original plaintext file or data into a series of unreadable ciphertext codes by using an encryption key. The encryption process is irreversible. Only holding the corresponding decryption key can the encrypted information be decrypted into readable plaintext. Encryption enables private data to be transmitted through the public network under the condition of low risk, and protects the data from being stolen and read by the third party
the core advantage of blockchain technology is decentralization, which can realize point-to-point transaction, coordination and cooperation based on decentralized credit in a distributed system without mutual trust by means of data encryption, time stamp, distributed consensus and economic incentive, so as to solve the high cost and low cost of centralized institutions Low efficiency and data storage insecurity provide solutions
the application fields of blockchain include digital currency, token, finance, anti-counterfeiting traceability, privacy protection, supply chain, entertainment, etc. with the popularity of blockchain and bitcoin, many related top domain names have been registered, which has a great impact on the domain name instry.

2.

1.1. Introction

practitioners in the computer instry should be very familiar with the word hash. Hash can realize the mapping of data from one dimension to another, and hash function is usually used to realize this mapping. Generally, y = hash (x) is used in the instry. The hash function can calculate a hash value y by calculating X
hash function characteristics in blockchain:

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function parameters are string type

fixed size output

is computationally efficient

collision free means that the conflict probability is small: X= y => hash(x) != Hash (y)

hide the original information: for example, the verification of transactions between nodes in the blockchain only needs to verify the information entropy of the transaction, and does not need to compare the original information. The nodes do not need to transmit the original data of the transaction, only the hash of the transaction, Common algorithms include Sha series and MD5

1.2. Hash is widely used in blockchain. One of them is called hash pointer
hash pointer, which means that the value of the variable is calculated from the actual data and points to the actual data location, That is, it can not only represent the actual data content, but also the storage location of the actual data. The figure below shows the schematic diagram of hash pointer

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3. The encryption of jinwowo blockchain can ensure that the privacy of data sources can be better protected when big data is called, so as to eliminate the bad phenomenon of reselling data.

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6. First of all, these two are virtual assets. The price of these two kinds of digital currency, or a specific price of digital currency, is determined according to the market situation
the details of these two digital assets are as follows
bitcoin (bitcoin: bitcoin) was originally a kind of network virtual currency, which can buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals
the full name of NMC is "new media chain", the Chinese name is media chain, and the former domain name currency (also referred to as NMC) is two completely different currencies. NMC is the circulating currency of three decentralized application platforms: coin call [blockchain information community portal], coin search [blockchain network query tool], ncoin [digital currency exchange]. However, the prices of these two kinds of digital currencies will fluctuate with the market, which can not guarantee a development prospect. If the current price is concerned, bitcoin will be a bit higher.

7. Blockchain technology solves the key problems in data stream sharing by "stamping" and "encryption". On the one hand, the blockchain registers and certifies the data, confirms the source, ownership and circulation path of big data assets, and makes the transaction records recognized, transparent and traceable.

8. Because YKC is a new type of digital currency, its encryption technology is reflected in the identity protection and information dissemination will not be modified.