Manoj Kumar Chande, Rajlaxmi Gupta, Shailesh Dhar Diwan
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Manoj Kumar Chande1, Rajlaxmi Gupta2, Shailesh Dhar Diwan3
1Department of Applied Mathematics, Shri Shankaracharya Institute of Professional Management and Technology, Raipur 492015, Chhattisgarh, India.
2Department of Applied Mathematics Shri Shankaracharya Group of Institutions, Junwani, Bhilai 4920020, Chhattisgarh, India.
3Department of Applied Mathematics, Government Engineering College, Raipur 492015, Chhattisgarh, India.
Volume - 10,
Issue - 1,
Year - 2020
A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. The cryptocurrency systems are based on blockchain technology uses the Elliptic Curves Digital Signature Algorithm (ECDSA). The paper proposes a multiple Elliptic Curve Digital Signature Algorithm (mECDSA), which allows multiple signers to select Elliptic Curves (EC) as per requirements. The security and computational analysis of proposed scheme proves that the scheme is secure and efficient then other existing schemes. To optimize security and efficiency it is recommended that two elliptic curves used in the systems based on blockchain.
Cite this article:
Manoj Kumar Chande, Rajlaxmi Gupta, Shailesh Dhar Diwan. New Algorithm for Blockchain Based on Elliptic Curves Digital Signature. Int. J. Tech. 2020; 10(1):93-96. doi: 10.5958/2231-3915.2020.00018.8
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