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8 Popular Encryption methods real Usage

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Encryption works as it replaces original data with some special characters and stores the data. You need a private key to decrypt the data. Else it is not possible to understand encrypted data even for hackers.

Private keys are two types. Sender uses one private key and receiver uses one other private key.
I have given in this post about 8 encryption methods.

Flow Diagram Encryption
 Different Encryption Methods Classic CipherRandom Key GenerationRSA TokenHash FunctionsMac value - Message Authentication codeKey HashTLS ProtocolAuthenticated Cipher  1. Classic Cipher The best example is this kind of algorithm was used in world war -II communication machines. 2. Random Key Generations One kind of security. They use an algorithm that sends random numbers. People use that number as a password.
3. RSA Token Every 60 seconds a token is generated. Mostly people use for financial applications. An extra identity mechanism along with user id and password. 4. Hash Functions It assigns a hash va…
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10 top Blockchain real features useful to financial projects

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In the business world, the transactions are — orders, payments, account tracking and much more. Often, each participant has his or her own ledger — and, thus, a version of the truth that may differ from other participants.
blockchain


Top Blokchain Features

You can avoid fraud...

These multiple ledgers can be a recipe for error, fraud, and inefficiency. But because members on a blockchain share a common view of the truth, it’s now possible to see all details of a transaction end-to-end, reducing those vulnerabilities.

Ordinary ledger Vs Shared Ledger

Each participant has his own, separate ledger — increasing the possibility of human error or fraud. Reliance on intermediaries for validation creates inefficiencies. Can become a paper-laden process, resulting in frequent delays and potential losses for all stakeholders.

The complexity you can avoid

  • Single, shared, tamper-evident ledger — once recorded, transactions cannot be altered.
  • All parties must give consensus before a new transaction is added to the network.
  • Eliminates or reduces paper processes, speeding up transaction times and increasing efficiencies

Blockchain Advantages

  1. Reduce fraud
  2. Increase performance
  3. Avoid redundancy
  4. Security
  5. Scalability
  6. Less complex
  7. More reliable
  8. Paperless process
  9. Increase satisfaction to stakeholders
  10. Good transparency in transactions

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