What is Blockchain-Enabled Smart Lock?
Let's find out Blockchain-Enabled Smart Lock meaning, definition in crypto, what is Blockchain-Enabled Smart Lock, and all other detailed facts.
A smart lock is an Internet of things (IoT) device that can be digitally controlled by another device, like a phone or a tablet. While consumer-grade smart locks are growing increasingly popular among customers, they experience issues related to digital security.
Some of the biggest issues with smart locks are related to their connectivity. Since they typically require WiFi or Bluetooth connection, they can become a vulnerable breach point for any malicious parties.
Blockchain-enabled smart locks use decentralized technology to improve the security measures of these devices. They utilize smart contracts that contain variables required to lock and unlock the device. Blockchain-enabled smart locks are highly programmable and can be easily connected to different payment methods, like digital tokens.
The addition of blockchain-enabled smart contracts makes the locking-unlocking functionality more versatile and reliable. This is useful for households utilizing smart locks as it ensures people can only access the house with the owners’ digital permission, and temporary entry codes can be generated as a security measure.
Since blockchain-enabled smart locks are decentralized, they are inherently very secure. The smart lock can receive instructions from anywhere in the world, and using joint signatures means that additional security infrastructure is not required.
Blockchain-enabled smart contracts can encounter some issues. They are dependent on a decentralized network of nodes. This means that any loss or interference of connectivity can impact its utility. Losing connection could leave the owner of the smart lock “locked out” without manual, non-digital access.
While there are some downsides to blockchain-enabled smart locks, they are a more secure solution compared to traditional smart locks thanks to being highly programmable.
Users can employ the Bitcoin network without operating <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-full-node/">full nodes<\/strong><\/a> by utilizing an SPV client. It’s difficult to run full nodes on low-powered devices such as smartphones because they have specific storage and processing requirements. Therefore, <strong>SPV clients can ask full nodes only for information about their wallets.<\/strong><\/p>\n<p>The simplest way to get this information is to make full nodes aware of the keys of the user. This way only relevant transactions would be transmitted to them. However, this is a bad option because the user's privacy would be compromised this way.<\/p>\n<p>Though downloading all transactions just to delete the majority of them also wouldn’t be a good option because it would waste a lot of <strong><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-bandwidth/">bandwidth/a>. <\/strong>That’s where a Bloom filter comes to the rescue.<\/p>\n<p><strong>Imagine that Anna is a client and John is a full node.<\/strong> Anna has a costly transaction but she doesn’t want John to know about it. Thus, she needs to find a way to \"mask\" her transaction. To do that, she creates a Bloom filter. Let’s say that it looks like that:<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 36px;\">3 4 2 1 6 8 7 5 0 9<\/span><\/p>\n<p>She runs the transaction data through two distinct <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-hash-function/">hash functions<\/strong><\/a>. Each of these functions ends up choosing two values from the string of numbers you can see above. Let’s say these values come out to be 2 and 8.<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 36px;\">3 4 <span style=\"color: #ba372a;\">2<\/span> 1 6 <span style=\"color: #ba372a;\">8<\/span> 7 5 0 9<\/span><\/p>\n<p>After that, Anna sends the filter to John. It's obvious that there's no possibility of knowing what data Anna has submitted to the filter based solely on this grid.<\/p>\n<p>Though if John had the whole set that contains Anna's data, he could hash it and search for similarities in the filter. If there was a match, it's possible that it was the data that Anna asked for.<\/p>\n<p>However, several inputs are likely to refer to 2 and 8 at the same time. Therefore, John wouldn’t be able to tell which part of the data Anna is actually interested in. Thus, he would return all of the matches, which Anna would then sort through.<\/p>\n<p>Obviously, the process is much more complex than that. However, it does illustrate the fact that <strong>the Bloom filter disguises the actual interests of the client.<\/strong><\/p>\n<p>Bloom filter might not the best method to retrieve the desired information because it also has some privacy concerns. However, it’s still a better option than simply putting an undisguised request to a node.<\/p>","definition":"a data structure that determines if an item is a part of a set or not.","status":"published","meta_title":"What is Bloom Filter? Definition & Meaning | Crypto Wiki","meta_description":"Bloom Filter meaning: Bloom Filter - a data structure that determines if an item is a part of a set or not.","meta_keywords":null}" :prev-section="{"id":114,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Blockchain","level":"easy","author_id":1,"created_at":"2023-06-19T06:58:59.000000Z","updated_at":"2023-11-06T03:34:28.000000Z","slug":"what-is-blockchain-trilemma","title":"What is Blockchain Trilemma?","section":"B","keyword":"Blockchain Trilemma","content":"<p>The blockchain trilemma idea was invented by <strong><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//who-is-vitalik-buterin/">Vitalik Buterin<\/a><\/strong>. It emphasizes <strong>the major issues of security, decentralization, and ease of use<\/strong>. Developers are the ones that run across these issues when creating blockchains, which means they generally have to select one problem to ignore while focusing on the other two.<\/p>\n<p>According to the CAP theorem, which was devised in the 1980s, by computer scientists, decentralized data storage - of which blockchain is one implementation - can only give two of three assurances at the same time. <strong>These are<\/strong> <strong>consistency, availability, and partition tolerance<\/strong>. As a result, many people believe that blockchains must give up one of the three.<\/p>\n<p>Many people also assume that controlling the three factors is unattainable and will never be accomplished. Nonetheless, this does not deter ambitious engineers who believe that blockchain networks can include all three and much more.<\/p>\n<p>Furthermore, the never-ending evolution of the decentralized environment resulted in <strong>Layer-1 and Layer-2<\/strong> <strong>solutions<\/strong> that eventually addressed the trilemma, alongside the emergence of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-proof-of-stake-pos/">Proof-of-Stake/strong>/a> in the blockchain. Therefore, blockchain networks should have unchangeable protection to avoid fraudsters from gaining control.<\/p>\n<p>Rather than being administered by a single organization, blockchains spread network control fairly among all members. Likewise, blockchains should be able to sustain a large number of transactions and participants without experiencing bottlenecks due to increased fees and transaction delays.<\/p>","definition":"an idea that discusses the problems of security, decentralization, and ease of use.","status":"published","meta_title":"What is Blockchain Trilemma? Definition & Meaning | Crypto Wiki","meta_description":"Blockchain Trilemma meaning: Blockchain Trilemma - is an idea that discusses the problems of security, decentralization, and ease of use.","meta_keywords":null}" :model="{"id":121,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Smart_lock","level":"easy","author_id":1,"created_at":"2023-06-19T06:58:59.000000Z","updated_at":"2023-11-03T07:18:36.000000Z","slug":"what-is-blockchain-enabled-smart-lock","title":"What is Blockchain-Enabled Smart Lock?","section":"B","keyword":"Blockchain-Enabled Smart Lock","content":"<p>A <strong>smart lock<\/strong> is an <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-internet-of-things/">Internet of things (IoT) device<\/strong><\/a> that can be digitally controlled by another device, like a phone or a tablet. While consumer-grade smart locks are growing increasingly popular among customers, they experience issues related to digital security.<\/p>\n<p>Some of the biggest issues with smart locks are related to their connectivity. Since they typically require WiFi or Bluetooth connection, they can become a vulnerable breach point for any malicious parties.<\/p>\n<p><strong><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-blockchain/">Blockchain-enabled/a> smart locks<\/strong> use <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-decentralization/">decentralized technology<\/strong><\/a> to improve the security measures of these devices. They utilize <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-smart-contract/">smart contracts<\/strong><\/a> that contain variables required to lock and unlock the device. Blockchain-enabled smart locks are <strong>highly programmable<\/strong> and can be easily connected to different payment methods, like <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-token/">digital tokens<\/strong><\/a>.<\/p>\n<p>The addition of blockchain-enabled smart contracts makes the locking-unlocking functionality more versatile and reliable. This is useful for households utilizing smart locks as it ensures people can only access the house with the owners’ digital permission, and temporary entry codes can be generated as a security measure.<\/p>\n<p>Since blockchain-enabled smart locks are decentralized, they are inherently very secure. The smart lock can receive instructions from anywhere in the world, and using joint signatures means that additional security infrastructure is not required.<\/p>\n<p>Blockchain-enabled smart contracts can encounter some issues. They are dependent on a <strong>decentralized network of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-node/">nodes/a>/strong>. This means that any loss or interference of connectivity can impact its utility. Losing connection could leave the owner of the smart lock “locked out” without manual, non-digital access.<\/p>\n<p>While there are some downsides to blockchain-enabled smart locks, they are a more secure solution compared to traditional smart locks thanks to being highly programmable.<\/p>","definition":"smart locks developed using blockchain technology.","status":"published","meta_title":"What is Blockchain-Enabled Smart Lock? Definition & Meaning | Crypto Wiki","meta_description":"Blockchain-Enabled Smart Lock meaning: Blockchain-Enabled Smart Lock - smart locks developed using blockchain technology.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}" :chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? 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Mining?","status":"published","modified_content":null},{"chapter_id":9,"order":3,"slug":"what-is-staking-crypto","title":"An Advanced Look into What is Staking Crypto","status":"published","modified_content":null},{"chapter_id":9,"order":4,"slug":"what-is-proof-of-stake-vs-proof-of-work","title":"Proof-of-Work VS Proof-of-Stake: The Differences That Matter","status":"published","modified_content":null},{"chapter_id":9,"order":5,"slug":"what-is-crypto-mining-rig","title":"Crypto Mining Rig: What It is and How to Build One?","status":"published","modified_content":null}]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/crypto-101-glossary.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}]" current-chapter="B" current-section="what-is-blockchain-enabled-smart-lock">