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ENCRYPTED BLOCKCHAINS

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You can build encrypted blockchains and encrypt data within a blockchain. For example, while the Bitcoin blockchain is unencrypted and open to inspection by anyone (see the blockchain explorer in Figure 1-3), it is still possible to create encrypted blockchains that obscure the transaction data, such as Zcash, but, in general, cryptocurrency blockchains are not encrypted, so anyone can read the transactions stored within them.

No, cryptocurrency isn’t used to encrypt the data in the blockchain. It’s used to sign messages that you send to the blockchain. These messages are the ones that trigger transactions and updates to the blockchain ledger.

Cryptocurrency Mining For Dummies

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