Which Major Cryptocurrencies Use EdDSA Instead of ECDSA?
While Bitcoin and Ethereum primarily use ECDSA with the secp256k1 curve, several major cryptocurrencies and blockchain platforms have adopted EdDSA, often with the Ed25519 curve. Examples include Cardano, Stellar, Monero, and the Avalanche platform.
These projects often prioritize the improved performance, simpler implementation, and enhanced security properties that EdDSA offers over the older ECDSA standard.
Glossar
Ecdsa
Signature ⎊ The Elliptic Curve Digital Signature Algorithm (ECDSA) represents a widely adopted cryptographic protocol integral to securing transactions within cryptocurrency networks, options trading platforms, and financial derivatives systems.
Major Cryptocurrencies
Capital ⎊ Major cryptocurrencies are defined by their substantial market capitalization, representing the largest pools of digital capital and serving as the primary benchmark assets for the entire crypto ecosystem.
Enhanced Security Properties
Definition ⎊ Enhanced security properties refer to a set of advanced cryptographic and procedural safeguards designed to protect digital assets and financial transactions beyond standard measures.