1.

What is the role of encryption in Blockchain?

Answer»

Blockchain USES encryption(cryptography) to protect the identities of any NETWORK, ensure secure transactions, and protect valuable information. A combination of public and PRIVATE keys enables the encryption of the information.

9. What is scriptPubKey?

scriptPubKey is technically a locking script which is placed on the output of any Bitcoin-based transactions REQUIRING special CONDITIONS to be met for the user to spend his/her Bitcoins.


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