Cryptocurrency Q&A
Does Ethereum use BLS?
Does Ethereum use BLS?
KpopStarletShineBrightnessStarlight
Sun Aug 11 2024
|
7 answers
1989
Could you please clarify whether Ethereum, as a popular blockchain platform, employs the Boneh-Lynn-Shacham (BLS) signature scheme in its operations? Given the importance of security and efficiency in blockchain technology, understanding the cryptographic algorithms utilized by Ethereum is crucial for assessing its overall security posture and scalability. Is there any specific reason why Ethereum might choose or not choose to incorporate BLS into its architecture?
7 answers
alexander_jackson_athlete
Tue Aug 13 2024
The decision to use ECDSA with secp256k1 was rooted in its proven security and efficiency, making it a suitable choice for Ethereum's early days.
Was this helpful?
261
91
Margherita
Tue Aug 13 2024
However, as Ethereum evolved and its ecosystem expanded, the need for more advanced security measures became apparent. This led to the exploration of alternative signature schemes.
Was this helpful?
183
72
Federica
Tue Aug 13 2024
One such alternative is BLS signatures, which utilize a different elliptic curve known as BLS12-381. BLS signatures offer several advantages over ECDSA, including improved security and scalability.
Was this helpful?
392
78
SumoMight
Tue Aug 13 2024
Ethereum, a pioneering smart contract platform, initially relied solely on ECDSA (Elliptic Curve Digital Signature Algorithm) for securing transactions. This method employed a specific elliptic curve known as secp256k1.
Was this helpful?
371
35
CryptoKing
Tue Aug 13 2024
In response to these benefits, Ethereum's beacon chain protocol, a critical component of its upcoming upgrade to Eth2, adopted BLS signatures with the BLS12-381 curve.
Was this helpful?
210
91
Load 5 more related questions
