World’s First ‘Schnorr Signature’ Based Transaction on Zilliqa Blockchain


Zilliqa, the next generation scalable, secure and high-performance public blockchain platform announced that world’s first ‘schnorr signature’ based transaction was signed by a Ledger Nano S on Zilliqa blockchain.

Zilliqa thanked the Ledger team for this collaborative achievement, by Bringing ZIL To Ledger.

Let me explain you what is Schnorr signature?

In cryptography, a Schnorr signature means a digital signature which is produced by the Schnorr signature algorithm created by ‘Claus Schnorr’. It is known for its simplicity, among the first whose security is based on the not so easy of certain discrete logarithm problems.

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Schnorr signature, which is advance and uses 64 bytes will replace the Elliptic Curve Digital Signature Algorithm or ECDSA signature used in Bitcoin.

On the event of celebration of 2nd anniversary of zilliqa. There will be a competition and the entries for competition have started. Users can win upto 7500 USD worth prices.

The competition started from 17 May 2019, 00:00 hrs Singapore time to 15 June 2019, 23:59 hrs.

For the first five days of the competition, the winners will get double amount than for the next 25 days.

At the time of writing, Zilliqa own token zil  is ranked at 48th position with a price

$0.017807 USD, which is 5 % surge than yesterday prices which was 0.016442 $.

Two days before, on may 16th the prices reached high to 0.021, subsequently after the bitcoin Price rally.

Zil token marketcap is $154,696,122 USD, 24-hr volume is $22,485,714 USD with circulating supply is 8,687,360,058 ZIL and total supply is 12,533,042,435 ZIL.

What do you think of Schnorr signature and Zil price growth? share your views on our Twitter and Facebook page.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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