Peer-to-Peer Transactions and Privacy
Blockchain is a technology that enables peer-to-peer transactions and privacy on the network. Blockchain can enable direct and secure exchange of value and information between participants in the network without intermediaries or fees, such as banks, brokers, or agents. Blockchain can also control their access and visibility using various techniques, such as encryption, zero-knowledge proofs, and channels. Encryption can protect data or information from being accessed or disclosed by anyone who does not have the secret key or algorithm. Zero-knowledge proofs can protect data or information from being accessed or disclosed by anyone who does not need to know or possess it. Channels can protect data or information from being accessed or disclosed by anyone who is not involved in the communication or transaction.