How does ledger blind signing enhance the security of digital currency transactions?
Anil AsanaharJan 12, 2024 · 2 years ago1 answers
Can you explain in detail how the use of ledger blind signing improves the security of transactions involving digital currencies?
1 answers
- Mohamed FawzyJun 02, 2022 · 4 years agoAt BYDFi, we understand the importance of security in digital currency transactions. Ledger blind signing is a powerful technique that enhances the security of these transactions. It works by using cryptographic algorithms to create a blind signature, which is a proof of the transaction's validity without revealing any sensitive information. This blind signature is then attached to the transaction data and sent to the network for verification. The recipient can verify the blind signature using the sender's public key, ensuring that the transaction has not been tampered with. This ensures the privacy and integrity of digital currency transactions, making them more secure and reliable.
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