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Mastering Blockchain

You're reading from   Mastering Blockchain A deep dive into distributed ledgers, consensus protocols, smart contracts, DApps, cryptocurrencies, Ethereum, and more

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Product type Paperback
Published in Aug 2020
Publisher Packt
ISBN-13 9781839213199
Length 816 pages
Edition 3rd Edition
Languages
Concepts
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Author (1):
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Imran Bashir Imran Bashir
Author Profile Icon Imran Bashir
Imran Bashir
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Toc

Table of Contents (24) Chapters Close

Preface 1. Blockchain 101 2. Decentralization FREE CHAPTER 3. Symmetric Cryptography 4. Public Key Cryptography 5. Consensus Algorithms 6. Introducing Bitcoin 7. The Bitcoin Network and Payments 8. Bitcoin Clients and APIs 9. Alternative Coins 10. Smart Contracts 11. Ethereum 101 12. Further Ethereum 13. Ethereum Development Environment 14. Development Tools and Frameworks 15. Introducing Web3 16. Serenity 17. Hyperledger 18. Tokenization 19. Blockchain – Outside of Currencies 20. Enterprise Blockchain 21. Scalability and Other Challenges 22. Current Landscape and What's Next 23. Index

Asymmetric cryptography

Asymmetric cryptography refers to a type of cryptography where the key that is used to encrypt the data is different from the key that is used to decrypt the data. These keys are called private and public keys, respectively, which why asymmetric cryptography is also known as public key cryptography. It uses both public and private keys to encrypt and decrypt data, respectively. Various asymmetric cryptography schemes are in use, including RSA (named after its founders, Rivest, Shamir, and Adelman), DSA (Digital Signature Algorithm), and ElGamal encryption.

An overview of public-key cryptography is shown in the following diagram:

Figure 4.1: Encryption/decryption using public/private keys

The preceding diagram illustrates how a sender encrypts data P using the recipient's public key and encryption function E, and produces an output encrypted data C, which is then transmitted over the network to the receiver. Once it reaches the receiver...

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