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Accountable Privacy in Web3 (3/4)
- Cryptographic concepts like Elliptic Curves, Pedersen Commitments, and Merkle Trees are crucial in Web3 for security and privacy.
- Elliptic Curve Cryptography (ECC) is vital for blockchain systems like Bitcoin, using curves like secp256k1.
- Implementing code for Elliptic Curves involves private and public key generation, message signing, and verification.
- Pedersen Commitments are used for privacy-focused blockchain applications to commit to values while keeping them hidden.
- Additive homomorphism in Pedersen commitments allows combining commitments algebraically.
- Merkle Trees in Web3 are data structures where each leaf node is a hash of data value and the root is a commitment to the entire dataset.
- Merkle Proofs allow verifying data in a Merkle Tree without knowing the entire structure, increasing efficiency.
- The article provides Python code for implementing Elliptic Curve, Pedersen Commitment, and Merkle Tree concepts in Web3.
- The implementations are basic and not suitable for production but serve as educational tools for beginners in Web3.
- Understanding these cryptographic primitives is essential for developing secure and private blockchain applications.
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