News

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.

Image result for Schnorr Signature Based Transaction on Zilliqa Blockchain


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.

Also Find: Crypto Coins Predictions | Price Analysis | Crypto Interesting stories

Rich Snippet Title
World’s First ‘Schnorr Signature’ Based Transaction on Zilliqa Blockchain
Article Name
World’s First ‘Schnorr Signature’ Based Transaction on Zilliqa Blockchain
Description
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.
Author
Publisher Name
Coinpedia.org
Logo
Tags
Show More

Oliver A

Oliver is a content marketer who is actively engaging with latest trends in the financial market. He is a writer by day ad a reader by night.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

four × 1 =

Back to top button
Close