A Study on Digital Signature in Blockchain Technology

Abstract

In the recent trends, block chain technology plays a vital role due to its secured methodology. Since many parts of the world severely affected by COVID pandemic situation, people used to perform more of digital transactions day by day. To provide more security for all online transactions, Block chain Technology is one of the solutions that many countries have started to utilize. Every block in a block chain should be validated and verified by the secured hash algorithms and digital signatures. Since Hacking is difficult in Block Chain Technology, due to its secure hash process, many people started using it for various applications. This article discusses about the working of Digital Signatures especially about Elliptic Curve Digital Signature Algorithm - ECDSA. Digital signatures are signatures done digitally for the purpose of security. ECDSA works on the mechanism of Elliptic Curve and Cryptography algorithms of Elliptic curve. The proposed research work has selected the private key as a random point, which is of type integer ranging between 1 and n-1 in Elliptic curve to sign documents. Then Public key is calculated by multiplying a point from elliptic curve with the Private key. Using this Public key, our digital signature is verified. This is much secured because no one can crack/hack private key. This process is used to verify digital transactions in the block chain technology. Our study helps researcher in block chain technologies to proceed ahead.