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Secure Transaction Handling


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Cryptography and Encryption

chevron-rightAES-256 Encryption:hashtag

Transactions are encrypted using Advanced Encryption Standard (AES) with a 256-bit key length, ensuring confidentiality and security.

from Crypto.Cipher import AES
import os

def encrypt_transaction(transaction_data):
    key = os.urandom(32) # 256-bit key
    cipher = AES.new(key, AES.MODE_EAX)
    nonce = cipher.nonce
    ciphertext, tag = cipher.encrypt_and_digest(transaction_data.encode('utf-8'))
    return nonce, ciphertext, tag
chevron-rightElliptic Curve Digital Signature Algorithm (ECDSA)hashtag

Used for authenticating transactions and ensuring non-repudiation.


Smart Contract Security

chevron-rightSolidity for Smart Contractshashtag

Smart contracts are written in Solidity, audited for vulnerabilities like reentrancy, integer overflow, and improper access control.


Network Security Protocols

chevron-rightSecure Socket Layer (SSL)/Transport Layer Security (TLS)hashtag

Ensures secure communication channels over the internet.

chevron-rightDistributed Ledger Technology (DLT)hashtag

Enhances security and transparency through decentralized transaction recording.


Future Implementations for Enhanced Security

chevron-rightQuantum-Resistant Cryptographyhashtag
  • Implementing quantum-resistant algorithms, like lattice-based cryptography.

  • Actual implementation is highly complex and specialized, often involving advanced mathematical constructs.

chevron-rightZero-Knowledge Proofs (ZKP)hashtag
  • ZKP allows one party to prove to another that a statement is true without conveying any information apart from the fact that the statement is indeed true.

  • Implementing ZKP involves complex mathematical computations and cryptographic protocols.

chevron-rightLayer 2 Scaling Solutionshashtag
  • Implementing solutions like Plasma or State Channels requires a deep understanding of Ethereum's blockchain architecture and smart contract development.

  • These technologies aim to increase transaction throughput and reduce latency without compromising the security of the main blockchain.


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