© Karan Singh Garewal 2020
K. S. GarewalPractical Blockchains and Cryptocurrencieshttps://doi.org/10.1007/978-1-4842-5893-4_5

5. The Alchemy of Public Key Cryptosystems

Karan Singh Garewal1 
(1)
Toronto, ON, Canada
 

This chapter is concerned with what can be termed modern cryptography or asymmetric cryptography. In Chapter 3, we studied symmetric encryption and surmised that it has a significant scalability problem when the encryption key has to be distributed to a large number of recipients. For example, consider the scenario where an encryption key has to be distributed to thousands of recipients. Each transmission of the key to a recipient carries with it, a certain probability that the key will be intercepted by a malevolent actor. The aim of public ...

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