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Secure Transaction Handling



Cryptography and Encryption

AES-256 Encryption:

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
Elliptic Curve Digital Signature Algorithm (ECDSA)

Used for authenticating transactions and ensuring non-repudiation.


Smart Contract Security

Solidity for Smart Contracts

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


Network Security Protocols

Secure Socket Layer (SSL)/Transport Layer Security (TLS)

Ensures secure communication channels over the internet.

Distributed Ledger Technology (DLT)

Enhances security and transparency through decentralized transaction recording.


Future Implementations for Enhanced Security

Quantum-Resistant Cryptography
  • Implementing quantum-resistant algorithms, like lattice-based cryptography.

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

Zero-Knowledge Proofs (ZKP)
  • 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.

Layer 2 Scaling Solutions
  • 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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