What is blind signing ledger and how does it relate to cryptocurrencies?
RonaldDec 25, 2021 · 3 years ago3 answers
Can you explain what blind signing ledger is and how it is connected to cryptocurrencies? I've heard the term before but I'm not sure what it means and how it is relevant to the world of digital currencies.
3 answers
- Dec 25, 2021 · 3 years agoBlind signing ledger refers to a cryptographic technique used in cryptocurrencies to enhance privacy and security. It allows a user to sign a transaction without revealing the details of the transaction to the signer. This is achieved by using a one-way cryptographic function that hides the transaction details while still allowing the signer to verify the authenticity of the transaction. In the context of cryptocurrencies, blind signing ledger helps to protect the privacy of users by preventing others from knowing the specific details of their transactions.
- Dec 25, 2021 · 3 years agoBlind signing ledger is a concept that is closely related to cryptocurrencies. It is a technique that allows users to sign transactions without revealing the content of the transaction to the signer. This is achieved through the use of cryptographic algorithms that ensure the privacy and security of the transaction. By using blind signing ledger, cryptocurrencies are able to provide a higher level of privacy and anonymity to users, which is one of the key features that attract people to digital currencies.
- Dec 25, 2021 · 3 years agoBlind signing ledger, also known as blind signature, is a cryptographic technique that is widely used in the world of cryptocurrencies. It allows a user to sign a transaction without having knowledge of the transaction details. This is achieved by using a combination of cryptographic algorithms and protocols that ensure the privacy and security of the transaction. Blind signing ledger is an important component of many cryptocurrencies as it helps to protect the privacy and anonymity of users, which are key factors in the adoption and use of digital currencies.
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