FUNDAMENTALS OF COMPUTER

TECHNOLOGYS ETHICAL LEGAL PRIVACY ISSUES

IMPACT OF TECHNOLOGY ON PRIVACY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Encryption process to control the creation of coins and to verify transactions is called ____
A
Cryptographic
B
Mining
C
Decentralization
D
Proof-of-work
Explanation: 

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.

There is 1 question to complete.