TECHNOLOGYS ETHICAL LEGAL PRIVACY ISSUES
IMPACT OF TECHNOLOGY ON PRIVACY
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cryptographic
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Mining
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Decentralization
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Proof-of-work
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Detailed explanation-1: -Cryptography technology is used for multiple purposes-for securing the various transactions occurring on the network, for controlling the generation of new currency units, and for verification of the transfer of digital assets and tokens.
Detailed explanation-2: -Cryptocurrencies stay secure by relying on modern asymmetric encryption methods and the secure nature of transactions on a blockchain. Cryptocurrency holders use private keys to verify that they are owners of their cryptocurrency. Transactions are secured with hashing and blockchain encryption techniques.
Detailed explanation-3: -Cryptography is the study of secure communications techniques that allow only the sender and intended recipient of a message to view its contents. The term is derived from the Greek word kryptos, which means hidden.
Detailed explanation-4: -Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions.