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Home Altcoins

Status Releases One of the World’s Fastest Cryptographic Signature Implementations

by Dalmas Ngetich
Jul 15, 2022 - 12:00 am
in Altcoins
Status Releases One of the World’s Fastest Cryptographic Signature Implementations

On the 12th of July, Status announced the creation of a speedy BLS signature implementation for web3 users. The BLS signature is a digital signature that was created as a result of the combined works of Boneh, Lynn, and Shacham.

We have made one of the fastest BLS signature implementations in the world.

Read more here:https://t.co/iXLScgBv1u

— Status (@ethstatus) July 12, 2022

With the aid of the BLS signatures, web3 users will be able to unlock integrity, authentication, and non-repudiation. Blockchain transactions and activity require integrity, or proof that transactions have not been tampered with. In the case of Status which serves as a messaging platform, users need to ensure that their messages have not been manipulated.

The BLS Signature

Authentication is another feature that is vital in cryptographic protocols and the BLS signatures help achieve this. Authentication proves that a user is who he/she claims to be. Similarly, non-repudiation guarantees the validity of ownership. Non-repudiation is a key feature of the web3 ecosystem and BLS signatures are integral in helping users achieve this.

BLS signatures have been used by multiple layer two protocols like Algorand, Tezos, Filecoin, and Zcash. Notably, layer one protocols like Bitcoin and Ethereum use ECDSA signatures, not BLS.

The major advantage BLS digital signatures have over ECDSA is that they can be aggregated in constant space. This implies that BLS signatures take less space when compiled and provide the same guarantee as original signatures.

Additionally, the constant space characteristic of BLS signatures implies that the protocol takes the same amount of space to verify one vote and ten thousand votes. This is an advantage when the protocol is used for bulk transactions, but it makes validation slower for single transactions.

Status has now devised a solution to scale BLS validations. The web3 protocol has implemented one of the world’s fastest BLS signature implementations, making bulk and unit transactions on the blockchain faster. Protocols using the BLS validation means will probably embrace Status’ innovation in the coming weeks. 

Tags: Blockchain
Dalmas Ngetich

Dalmas Ngetich

His primary focus is on technical analysis (crypto is, obviously, *not* crypto without the twirls of price action), the magic of DeFi, and NFTs. He is specifically training his eyes and effort on DeFi—and how the tech is changing investment, opening up opportunities for everyone—and the possibilities of NFTs.

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