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Mastering Blockchain

You're reading from  Mastering Blockchain

Product type Book
Published in Mar 2017
Publisher Packt
ISBN-13 9781787125445
Pages 540 pages
Edition 1st Edition
Languages
Concepts
Toc

Table of Contents (20) Chapters close

Mastering Blockchain
Credits
About the Author
About the Reviewer
www.PacktPub.com
Customer Feedback
Preface
1. Blockchain 101 2. Decentralization 3. Cryptography and Technical Foundations 4. Bitcoin 5. Alternative Coins 6. Smart Contracts 7. Ethereum 101 8. Ethereum Development 9. Hyperledger 10. Alternative Blockchains 11. Blockchain-Outside of Currencies 12. Scalability and Other Challenges 13. Current Landscape and Whats Next

Public and private keys


In order to understand public key cryptography, the first concept that needs to be looked at is the idea of public and private keys.

A private key, as the names suggests, is basically a randomly generated number that is kept secret and held privately by the users. Private key needs to be protected and no unauthorized access should be granted to that key; otherwise, the whole scheme of public key cryptography will be jeopardized as this is the key that is used to decrypt messages. Private keys can be of various lengths depending upon the type and class of algorithms used. For example, in RSA, typically, a key of 1024-bit or 2048-bits is used. 1024-bit key size is no longer considered secure and at least 2048 bit is recommended to be used in practice.

A public key is the public part of the private-public key pair. A public key is available publicly and published by the private key owner. Anyone who would then like to send the publisher of the public key an encrypted message...

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