Compendium admissions 2023-25



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PI Prep Kit 2023
What is encryption
Blockchain ensures a safe and secure data ecosystem, which it accomplishes through encryption. Encryption is the technique of encoding or subtly altering data before it is sent over a network by a user. Only the sender and receiver know the key to decipher the encrypted code, ensuring data safety and security.


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What are the most widely used cryptography algorithms
Some of the most extensively used cryptographic algorithms are

RSA

AES
● Triple DES
Two fish

Blowfish

Explain the Public key and Private key.
A public key is a cryptographic key that allows all users/peers in a Blockchain network to receive funds in their wallet. This key is an alphanumeric string that is unique to a specific node or address. On the other hand, a private key is an alphanumeric phrase used to encrypt and decode data in conjunction with a public key. This key is kept by a single person who is also the key generator. The data in the generator's wallet will be jeopardized if anyone else gets their hands on the private key.
What are the security issues in Blockchain?
● Routing attacks
Phishing attacks
● Transaction Privacy leakage
● 51% attacks
Endpoint Vulnerabilities

What are the applications of Blockchain?
● Smart Contracts
● Electronic Voting
Cloud Storage
● Supply-Chain Communications & Proof-of-Provenance
● Paying Employees
● Financial exchanges and money transfer
● Healthcare


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Robotic process automation (RPA)
What is RPA? Robotic Process Automation (RPA) is the process of automating corporate procedures with the use of robots in order to reduce human intervention. Robots are robotic beings that mimic human behavior. A process is a set of stages that leads to a specific outcome. For instance, the process of making coffee or preparing your favorite dish. Any process carried out by a robot without human intervention is referred to as automation. When we put all of these phrases together, we get Robotic Process Automation, which is defined as the mimicking of human behaviors to conduct a sequence of stages that leads to meaningful activity without the need for human participation.

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