A digital signature is a cryptographicCryptography - means "secret writing"—the ability to exchange messages that can only be read by the intended recipient. In cryptocurrency,... Read More mechanism designed to provide proof of authority and authenticity in electronic form. In blockchainA blockchain is a distributed database that is shared among the nodes of a computer network. Read More technology, digital signatures provide a way to prove ownershipEvery transaction and block on a blockchain has an owner. An owner is any entity (person, group, or organization) with... Read More and play an essential role in transactionA transaction is a record of an event that occurred in the past. Transactions typically occur during the course of... Read More security. A signer generates a digital signature using a private keyIn the context of cryptocurrency, a private key is a number that allows users to sign transactions and to generate... Read More, known only to the signer, and a public keyIn public-key cryptography - one of the basis of cryptocurrency, digital keys are generated from a large random number through a cryptographic... Read More, known to all parties involved in the transaction. The signer’s public key can then verify the signature. The verification process ensures the address of origin is that of the signer and transaction integrity is uncompromised.
