A “proof of ownership” is a digital signatureA digital signature is a cryptographic mechanism designed to provide proof of authority and authenticity in electronic form. In blockchain... Read More that allows a blockchainA Blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a... Read More user to prove that they own a specific piece of data, such as a cryptocurrencyA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by.... By signifying ownershipEvery transaction and block on a blockchain has an owner. An owner is any entity (person, group, or organization) with... Read More with a cryptographic signatureA cryptographic signature is a digital fingerprint that allows someone to verify the authenticity of a message, document, or transaction.... Read More, the owner can transfer ownership of the data to another party.
