Question: FIN385 Blockchain Technology and Smart Contract for Finance. Question 2 (A): The digital signature encrypts the content of a transaction so that it preserves the

FIN385 Blockchain Technology and Smart Contract for Finance.

Question 2 (A):

The digital signature encrypts the content of a transaction so that it preserves the privacy of the user. Appraise this statement. (16 marks)

Question 2 (B):

A cryptocurrency wallet is used to store a user's private key. Compare the working mechanisms of hot wallet, cold wallet, and cold storage. You are highly encouraged to use a table for comparison. (18 marks)

Question 2 ( C ):

You run a Bitcoin mining node in Singapore and your friend runs a Bitcoin mining node in China. At any point in time, both your mining nodes will always be mining the same block number and your blocks will contain the same set of transactions. Explain what the inaccuracies are in this statement. (8 marks)

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