Application analysis of cryptography in blockchain

Abstract

The purpose of blockchain technology is to solve the trust problem between people or institutions and make the communication data and network communication of the Internet. In the past, cryptography lost money. Passwords are used to protect data, and the cost is relatively high. But with blockchain, cryptography becomes valuable. The formation of blockchain has made new contributions to cryptography and done something we could not do in the past. With blockchain, cryptography is "valuable". In fact, there are many cryptographic primitives used in blockchain, such as hash, digital signature, and etc. Moreover, digital signature not only uses standard digital signature, but also uses ring signature, connectable ring signature, one-time signature, borromer ring signature, multi signature, homomorphic encryption, homomorphic commitment, accumulator, zero knowledge proof, etc. As well as the recently popular password signature toss. As mentioned above, the popularity of blockchain technology will completely break the centralized pattern, indicating the advent of a new era in the future - Web3.0. This paper focuses on the application of encryption technology in blockchain and expounds in detail the applications of such as hash function and ring signature in blockchain. This study analyzes the application of cryptography in blockchain and discusses to the development of encryption technology in the future.