Self Certified Cryptographic Signature And It's Importance In The Blockchain Network

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INTRODUCTION

The self certified cryptographic signature is a digital signature scheme based on certificate signature, it was created, developed and introduced by these three individuals Horng Twu Liaw, Der Tsai Lee, and Chi Sung Liu in the year 1996, the signature was created by these individuals with the aim of reducing any kind of dependency on third party certificate authorities, but instead allowing and giving users the opportunity to certify their public keys by themselves.

This signature scheme facilitates the simplification of key management, it basically has the ability to combine the public key verification process with the signature itself and as a result making it more stress free and because of the simultaneous nature eliminates any chance or time for points of failure, in this post of mine I am going to be explaining and discussing some of the importance of the self certified cryptographic signatures to the blockchain networks.

• ELIMINATES THE NEED FOR CERTIFICATE AUTHORITIES

The fact that this cryptographic or digital signature scheme is able to eliminate the need for any third party certificate authority provides a fundamental and primary benefit and advantage to the blockchain network, owing to the fact that the computational resources required to manage certificates can be better used to improve the networks efficiency and scalability.

Also depending on third parties or this certificate authority makes the blockchain network susceptible to the risk and threat of centralization, and with the feature or risk of centralization comes many other risks, like reduced transparency and trust, regulatory compliance risks and it also diminishes the security that is basically provided by a decentralized network.

Additionally owing to the fact that the self certified cryptographic signature eliminates the need for the centralized third party certificate authorities it helps to maintain the status of blockchain networks as being decentralized through and through, and in all areas of its mechanisms.

• IMPROVES USER EXPERIENCE

The self certified cryptographic signature offers another importance within the blockchain network and to the blockchain technology which is helping to improve the experience of the users of the blockchain network, users having the best experience when they use the blockchain network is very important because it serves as campaign that fosters more adoption.

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When users, new users use a particular network for the first time they checkout out for the networks speed of processing request, the cost of processing transactions and lastly the simplicity in figuring out how the network works,

the blockchain technology and its network is well known low transaction processing cost and with the self certified cryptographic signature the network can provide users with efficiency and simplicity or simplified mode of operation that are easy for new users to figure out.

• ENHANCES SECURITY AND TRUST

Blockchain networks generally are basically known to rely, depend on and adopt cryptographic techniques, security protocols and mechanisms so as to ensure that the security of the network and the integrity of transactions processed and executed on it is one hundred percent maintained and uncompromised.

The self certified cryptographic signature scheme however, provides an additional layer of advanced and robust security protocols and techniques to the already advanced one the blockchain technology it self possesses and as a result improving the blockchain network and making it almost impossible for it to be compromised.

Additionally, this enhanced and improved security that makes and allows the network to detect any attempts attackers makes to compromise the cryptographic keys in the network, serves to foster greater and increased trust of the users and participants in the blockchain network, users confidence in the network, helps to increase the adoption and overall success of blockchain technology.

• REDUCES COSTS AND IMPROVES SCALABILITY

The self certified cryptographic signature scheme operates in a way that helps to reduce the cost of processing transactions and this basically a direct effect of eliminating the need of certificate authorities and how it helps to facilitate the simplification of key management processes, allowing the blockchain network to minimize costs.

On the other hand, in terms of scalability eliminating the need of certificate authorities and how it helps to facilitate the simplification of key management processes, allows the network minimize computational resources and use them to increase the efficiency and scalability of the network.

Additionally, this reduced cost of processing transactions can help to increase the usage and adoption of blockchain networks and the improved scalability makes it so that the network is able to keep up with processing the requests and demands of its increased and large amount or number of users therefore making the blockchain network viable over long period of time.

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CONCLUSION

In conclusion, the self certified cryptographic signature has a lot of importance and advantages to offer to the blockchain network, and in this post I have explained and discussed just a few of them nameley; eliminating the need for certificate authorities, enhancing security and trust, improving user experience and last but not the least, reducing transaction processing cost and improving scalability.