Blockchain & Cryptocurrency Glossary

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Elliptic Curve Digital Signature Algorithm (ECDSA)

2 min read
Pronunciation
[ih-lip-tik kurv dij-i-tl sig-nuh-cher al-guh-rith-uhm]
Analogy
ECDSA is like having a special stamp that creates intricate patterns based on both your secret design (private key) and the specific document being stamped. Anyone can verify the stamp is genuinely yours using your publicly known verification template (public key), but no one else can create a stamp with the same pattern—even for a different document—without knowing your secret design.
Definition
A cryptographic algorithm that uses elliptic curve mathematics to create digital signatures for authenticating messages and transactions. ECDSA provides a way to verify the origin and integrity of data while offering stronger security with smaller key sizes than traditional digital signature algorithms.
Key Points Intro
ECDSA enables secure, efficient transaction authentication in blockchain systems.
Key Points

Creates unforgeable digital signatures using a private key that can be verified with the corresponding public key.

Offers equivalent security to RSA with significantly smaller key and signature sizes.

Forms the backbone of transaction authentication in Bitcoin, Ethereum, and many other blockchains.

Enables non-repudiation—signers cannot credibly deny creating a valid signature.

Example
When you send Bitcoin, your wallet creates an ECDSA signature using your private key. This signature proves you authorized the transaction without revealing your private key. Miners verify this signature using your public key to confirm you have the authority to spend those funds.
Technical Deep Dive
ECDSA operates on the mathematical properties of elliptic curves over finite fields. The algorithm adapts the original DSA to use elliptic curve operations: Key generation creates a private key d (random integer) and public key Q = dG (where G is the standard generator point). The signature process involves: (1) Generating a per-signature random value k; (2) Computing curve point (x,y) = kG and converting x to an integer r; (3) Computing s = k^(-1) * (z + d*r) mod n, where z is the hash of the message and n is the curve's order. The signature is the pair (r,s). Verification computes a point based on the signature and public key and checks if its x-coordinate matches r. Bitcoin and many cryptocurrencies use the secp256k1 curve with SHA-256 hashing. Critical implementation concerns include secure random number generation (or deterministic k generation via RFC 6979), proper validation of input points, and protection against side-channel attacks that could leak private key information through timing differences or power analysis.
Security Warning
ECDSA security critically depends on the uniqueness of the random value k for each signature. Reusing the same k for different messages, or using predictable values, can lead to private key compromise. Always use a cryptographically secure random number generator or implement deterministic ECDSA (RFC 6979) to derive k from the message and key.
Caveat
While ECDSA provides excellent security with current technology, it's theoretically vulnerable to quantum computing attacks. Additionally, the requirement for high-quality randomness in traditional implementations has led to security failures in the past, prompting the development of deterministic signature schemes.

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