T1 Wk 3 Encryptn and Crypto Cur
T1 Wk 3 Encryptn and Crypto Cur
OBJECTIVES – To:
Explain the meaning of encryption
Mention the two types of encryption
Evaluate the features of encryption
Discuss the differences between the two
types
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Symmetric Encryption
Symmetric encryption is the
oldest and best-known technique.
Features of Cryptography
It usually requires a computational algorithm
A public key (which the user shares
with everyone)
A private key (which acts a digital
signature of the user)
Block chain technology
Block chain is not just a technology that powers bitcoin. It is
capable of doing more.
It is a suite of distributed ledger technologies across peer to
peer network, that can be programmed to record and track
anything of value, e.g;
Financial transaction
Medical records
Land titles
Voting
Features of blockchain
It stores and track data in batches called blocks, that are
linked together in a chronological fashion to form a
continuous line.
It is a non-destructive way to track data over time.
It create trust in data
No intermediaries needed, like banker, lawyer, etc. One