Decentralized Exchanges : What It Entails #009

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Hello crypto friends,

With a humble heart and mind I happily come before you all today to discuss on an issue if great importance in the cryptospace.

I believe you are all doing perfectly fine and are enjoying your activities in the community as usual.

Without wasting our time in pleasantaries, shall we immediately dive to the main topic of discussion today, which is our analysis on decentralized exchanges.

In our last discussion, we leant about the advantages of resistance collision and we saw the numerous benefits it brings to the blockchain system.

Today, we shall understand the benefits of resistance collision in message digests, please stay tuned

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ADVANTAGES OF RESISTANCE COLLISION

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As we have earlier said, there are several advantages of collision resistance and some of them are.

• MESSAGE DIGEST:

The cryptography message digest plays a very important role in the modern cryptography, ensuring authentication, security and integrity of data.

Before we dive fully into Importance of resistance collision in message digest, let us gain a proper understanding of message digest.

Message digest can be explained to be a fixed size string of characters which can be generated through the application of cryptographic hash functions into an input message.

It function as a unique identifier to the message and it's main goal is the verification of the integrity and authenticity of data.

Now, let's understand the various ways in which collision resistance is beneficial to message digest.

DATA INTEGRITY VERIFICATION

One of the advantages of resistance collision in message digest is the verification of data integrity.

Here, when a data is stored on the system or transferred over a network, it appears weak and vulnerable to different threats, including malicious tampering and unintentional errors.

However, through the comparison of the received message digest to the expected message digest can be used in determining whether the data has been altered.

DIGITAL SIGNATURES

Digital signature is one very important part of secured communication.

It helps in guaranteeing that a message is being sent by the intended sender and that it was not tampered with during message transmission.

In this process, the collision resistance plays a very important role, in the sense that, once a digital signature is created, it's message digest is being calculated and encrypted with it's private keys.

The signature can then be decrypted by the recipient using the sender's public key and then making a comparison of it with the newly digest from the received message.

If the digest matches, then it is an indication that the message has not been tampered with.

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CONCLUSION

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We have learnt a very important application of collision resistance today.

We have seen how it is very useful in message digest.

In our next discussion, we shall learn more, stay tuned.