How does malleability impact digital currencies?

3 answers

• Dec 28, 2021 · 3 years ago
  Malleability refers to the ability to modify the transaction ID of a digital currency transaction without changing its validity. This can lead to potential issues such as transaction replay attacks and the possibility of double-spending. It affects the functionality of digital currencies by introducing the risk of transaction manipulation and can undermine the trust and reliability of the system. To mitigate this, digital currency protocols have implemented measures such as transaction signature verification and transaction ID hashing to ensure the integrity of transactions.
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• Dec 28, 2021 · 3 years ago
  In simple terms, malleability means that the transaction ID of a digital currency transaction can be altered, which can create confusion and potential vulnerabilities. This can impact the security of digital currencies as it opens up the possibility of fraudulent activities and manipulation of transaction records. It is important for digital currency users and platforms to be aware of this vulnerability and take necessary precautions to prevent any potential risks.
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• Dec 28, 2021 · 3 years ago
  Malleability is an important concept in the world of digital currencies. It refers to the ability to modify the transaction ID of a digital currency transaction without invalidating it. This can have significant implications for the security and reliability of digital currencies. For example, if a transaction is modified, it can lead to issues such as transaction replay attacks, where the same transaction is repeated multiple times, or double-spending, where the same funds are used for multiple transactions. To address this, digital currency protocols have implemented various measures to ensure the integrity of transactions and protect against malleability attacks.
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