What Role Does Cryptography Play in Blockchain?

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Cryptocurrencies need cryptography for two main reasons: Secure transactions and to verify these transfers. Generally, encryption is a basic and easy method of protecting stored, processed, and transmitted electronic data. Since the word "Crypto" means "Secret" in Greek, cryptography technology ensures anonymity in blockchain and guarantees the security of the transaction and the ability to operate out of central authority. How do cryptography and blockchain work together to ensure security, anonymity, and the ability to transact without the aid of a third party? Keep reading and learn a thing or two about all key aspects of cryptography and blockchain.