Digital signature

Digital signature

A digital signature, also known as a public key digital signature, is a string of digits that can only be generated by the sender of the information and cannot be forged by anyone else. This string of digits also serves as valid proof of the authenticity of the sender’s message. It is similar to a conventional physical signature written on paper but is implemented using public key encryption technology to authenticate digital information. A set of digital signatures usually defines two complementary operations: one for signing and another for verification. Digital signatures are an application of asymmetric key encryption technology combined with digital digest technology.

    • Related Articles

    • Double spending

      “Double spending,” or double payment, refers to a situation in digital asset networks where the same digital asset is improperly used more than once due to the replicability of data.
    • Detailed explanation of public and private keys

      Summary Signing Transactions: You can sign and verify transactions using your private key. Keep your private key safe, as other entities or individuals cannot transact without your permission. Mnemonic Phrase: A mnemonic phrase consists of 12-24 ...
    • Wallet

      A wallet is a software program or hardware device that stores digital assets. It is similar in form to an online banking account (but fundamentally different from a bank account) and also includes customer identification, account numbers, and ...
    • Decentralized Finance/DeFi

      Decentralized Lending Decentralized lending refers to the process of matching borrowers and lenders through decentralized lending protocols, followed by immediate asset transfer and loan completion upon collateral confirmation. These protocols ...
    • private key

      A private key is often said to be the critical factor that determines your control over the funds in a wallet. In blockchain transactions, the private key is used to generate the necessary signature for paying with cryptocurrency, thereby proving ...