Blockchain Privacy Security

in Steem Alliance9 months ago (edited)

One awesome and very important aspect of crypto blockchain technology is that of enhancing ones privacy so therefore most blockchain technology makes it a serious priority to work on the security of the privacy of users using the blockchain to run transactions or perform specific tax as any period of time

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From Canva

There are so many ways a blockchain could help enhance the security privacy of his blockchain at a very cheap effective and efficient manner. Below are some ways cool software innovations that have proven to be efficient and effective in securing the privacy of it blockchain users.

Tokenization
Abstraction and
Zero-Knowledge Protocol (ZKP)

There are so many forms or way to enhance the growth and strength of a Blockchain privacy, but this three have been known to be so special, powerful and rich with full tools to make it as efficient and effective as ever


Tokenization

As the name implies to tokenization of a blockchain data is the act of encrypting sensitive are very important data and information into tokens to help temporary secure the sensitive information. Especially in the wrong hands. This act is very powerful and efficient because they generated tokens were gotten randomly so therefore they are meaningless even if the fall in the hands of a criminal.

This privacy security technique called organization is really powerful especially in case where the data I mean they sensitive data and information I needed to be transferred for one location to another without weeks of losing sensitive datas to suspicious and illegal third parties.

In summary I would say to tokenization just has to do it converting sensitive data into tokens that only certified or permitted users can use without breach or theft in the information or data that is supposed to be shared across the internet. When sensitive data that was tokenized is needed a tokenization machine will be used to fetch out the secured sensitive data that was converted into a token.


Abstraction

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Source

Abstraction is a very efficient and effective mechanism or strategy used in blockchain technologies like ethereum it blockchain, as the name replies obsession has to do it they hiding or vital factors or data that are two sensitive or complex for honorary users or account holders on a blockchain.

In short it has to do it hiding complex transaction process with the help of smart contact and protection of sensitive data or information of a blockchain by showing the users and accounts owners, data and information that are less relevant or irrelevant showing low or no information to those that don't actually need it, by doing the real deal running behind.


Zero-Knowledge Protocol (ZKP)

Zero knowledge protocol what's the name implies they prover has zero knowledge about the sensitive information that he or she is proving it legit, in this case they are usually two parties they prover and verifier who's about to share a transaction or information but because zero knowledge protocol is involved as privacy security the transaction and information is shared without exposing the most sensitive part is especially to the prover.

Zero-Knowledge Protocol (ZKP) helps the both parties involved to make transactions and share information even if there is zero trust between the prover and verifier involved in the transaction or data sharing, with this Zero-Knowledge Protocol (ZKP) helps enhance the data confidentiality, privacy protection and security of the Blockchain


In Conclusion

The privacy of a blockchain and is data and the formations should be kept on high priority to avoid frequent servers attack or loss of sensitive and important data. Thanks for going through remember starrchris cares ❤️.

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 9 months ago 

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  • Review:
    This is an interesting topic however I encourage that you increase the quality of your post


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