Ring Signature
By CoinGecko | Updated on Mar 03, 2020
Initially designed in 2001, ring signatures was proposed as a method to "leak a secret". For example, a ring signature could be used to provide an anonymous signature from "a high-ranking White House official", without revealing which official signed the message. Ring signatures are similar to group signatures but differ in two key ways: first, there is no way to revoke the anonymity of an individual signature, and second, any group of users can be used as a group without additional setup. This signature implementation was then incorporated in cryptocurrency design which gave birth to Monero and other privacy coins.
Related Terms
Multisignal (multi-signature)
They are wallets that require more than one key for transactions to be authorized.
Pay-Per-Last N Shares (PPLNS)
PPLNS system only pays miners after the pool has discovered the block. This means you'll only be compensated once the block has been discovered.
Hash
A hash function is an output code (unique and alphanumeric) that we obtain from an input string,
Super Staker
A Qtum Core wallet (full node) providing Proof of Stake for delegated addresses, and keeping a small part of each block reward as their fee for providing the staking services.
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