When we talk about encryption in the context of blockchain, we are usually referring to asymmetric encryption, which is a type of encryption that uses a pair of keys – a public key and a private key – to encrypt and decrypt data. However, there is another type of encryption that is sometimes used in blockchain, called symmetric encryption.
Symmetric encryption is a type of encryption that uses the same key to encrypt and decrypt data. This means that if someone were to obtain the key, they would be able to read all of the data that has been encrypted with that key. Symmetric encryption is not as secure as asymmetric encryption, which is why it is not used as often in blockchain.
Other related questions:
Q: Which is a part of asymmetric encryption?
A: Asymmetric encryption is a type of encryption where two different keys are used to encrypt and decrypt the data.
Q: What is asymmetric encryption in blockchain?
A: Asymmetric encryption is a type of encryption where two different keys are used to encrypt and decrypt a message. One key is public and can be shared with anyone, while the other key is private and must be kept secret.
Q: Is passphrase a part of asymmetric encryption?
A: Passphrase is not a part of asymmetric encryption.
Q: What are the different types of asymmetric encryption?
A: There are three main types of asymmetric encryption:
1. Public-key encryption
2. Elliptic curve encryption
3. Quantum encryption