How does the ed25519 algorithm enhance the security of digital currency transactions?

1 answers

• Harjot SinghAug 02, 2021 · 4 years ago
  The ed25519 algorithm, which is used to enhance the security of digital currency transactions, is based on elliptic curve cryptography. This cryptographic algorithm provides a high level of security by generating a pair of keys: a private key and a public key. The private key is kept secret and is used by the sender to sign transactions, while the public key is shared with others to verify the authenticity of the transactions. The ed25519 algorithm's use of elliptic curve cryptography ensures that transactions cannot be easily tampered with or forged, providing a secure environment for digital currency transactions. Additionally, the algorithm's efficient computation allows for faster transaction processing, making it an ideal choice for digital currency transactions.
  778

  389