Blockchain Technology and Cryptography

Itisha Jain

Abstract: Blockchain technology, coupled with cryptography, has emerged as a transformative force across various industries, promising enhanced security, transparency, and efficiency in digital transactions. This research paper explores the foundational principles of blockchain technology and cryptography, their interplay, and their applications across different sectors. We delve into the mechanisms that underpin blockchain's decentralized nature, consensus algorithms, cryptographic hash functions, digital signatures, and smart contracts. Furthermore, we examine the challenges and opportunities posed by the integration of blockchain and cryptography and highlight potential future developments in this dynamic field.

Keywords: Blockchain, cryptography, hash function, proof - of - work, consensus, signature, encryption