Question

1. Can you think of another application of blind signature rather than eCash?
2. Do you think that Bitcoin could become a popular electronic currency? Explain

Answer 1

Q1 :-Can you think of another application of blind signature rather than eCash?

ANS - Blind Signatures in Electronic Voting (e-voting ) applications :-

Description of electronic voting shelters a use of electronic plans on any stage of vote – during elective or only in the procedure of votes including. Formation of the electronic organisation for votes including does not meeting a complaint from the public view. Important hastening of the including procedure and performance of the fallouts is an indisputable benefit of the computing machineries.

Electronic voting schemes are shaped to facilitate the vote, hasten voting and including votes and upsurge crowd for the vote. The main glitches of the electronic schemes relate to the declaration of organisation safety (cryptographic refuge and defence in contradiction of deceptions) and a assurance that the voters are unidentified.

• Election is an important tool of egalitarianism that delivers an authorized device for people to fast their opinions to the government.
• Conventionally, the course of elective is quite unwieldy because voter must come in being to vote.
• This problematic consequences in the low contribution rate of polling.
• Vote-by-postal can provide for convinced voters such as those who living in sporadically occupied parts and who work far absent from the voting middles.

Q2 - Do you think that Bitcoin could become a popular electronic currency? Explain

ANS - Bitcoin proposals an well-organized means of transporting money over the net and is skilful by a dispersed net with a see-through set of instructions, thus giving an alternative to vital bank-skilful fiat currency.

In today’s world, the augmented connectivity if by the Net has altered the nature of monetary dealings. With recent growths in communal media, peer-to-peer package, and smartphone knowledge, we have seen the meaning of cash extend outside the old-style, physical loving of administration-supported currencies to contain mobile costs, digital currencies, and simulated properties . Connection this rebellion of payment skills is Bitcoin, “the world’s first totally devolved digital currency”.

Bitcoin– the additional popular they developed, the additional rule and government inspection they are probable to entice, which corrodes the important evidence for their being.