ECDSA is a cryptographic algorithm that uses elliptic curve cryptography to generate digital signatures, ensuring the authenticity and integrity of transactions or messages.

ECDSA works by generating a public/private key pair, signing a transaction with the private key, and verifying the transaction with the corresponding public key, ensuring the transaction’s authenticity and integrity.

Why is ECDSA important in blockchain technology?

ECDSA is critical in blockchain technology because it secures transactions, preventing unauthorized parties from tampering with the transaction data and ensuring that only the rightful owner can authorize transactions with their private key.

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What is ELLIPTIC CURVE DIGITAL SIGNATURE ALGORITHM (ECDSA)?

ENCRYPTION

Encryption is the process of converting information or data into a code to prevent unauthorized access.

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What is ELLIPTIC CURVE DIGITAL SIGNATURE ALGORITHM (ECDSA)?

ENCRYPTION

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