How does blind signing ledger enhance the security of digital currency transactions?

3 answers

• Dec 25, 2021 · 3 years ago
  Blind signing ledger is a cryptographic technique that enhances the security of digital currency transactions. It works by allowing a user to sign a transaction without revealing the details of the transaction to the signer. This ensures that the signer cannot tamper with the transaction or misuse the information. By using blind signing ledger, the security of digital currency transactions is improved as it prevents unauthorized access and manipulation of transaction data.
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• Dec 25, 2021 · 3 years ago
  Blind signing ledger is like wearing a blindfold while signing a transaction. It adds an extra layer of security by ensuring that the person signing the transaction does not have access to the transaction details. This prevents any potential misuse or tampering of the transaction. With blind signing ledger, digital currency transactions are more secure and less prone to fraud or unauthorized access.
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• Dec 25, 2021 · 3 years ago
  Blind signing ledger is a feature that is implemented by some digital currency exchanges, such as BYDFi. It enhances the security of digital currency transactions by allowing users to sign transactions without revealing sensitive information. This prevents the risk of unauthorized access and ensures the integrity of the transaction data. With blind signing ledger, users can have peace of mind knowing that their digital currency transactions are secure and protected from potential threats.
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