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How can threshold signature technology enhance the security of digital currencies?

MendyMar 20, 2024 · a year ago1 answers

What are the benefits of using threshold signature technology to enhance the security of digital currencies?

1 answers

  • Nakarin WadkhianJun 23, 2020 · 5 years ago
    Threshold signature technology can also enhance the scalability of digital currencies. With traditional digital signatures, each transaction requires the computation of a signature, which can be resource-intensive and limit the scalability of the network. However, with threshold signature technology, the computation of a signature can be distributed among multiple parties, allowing for faster and more scalable transaction processing. This can greatly improve the performance and efficiency of digital currencies.

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