Hey Developers, and Bitcoin Experts!
In the Bitcoin White paper in the beginning it states “We define an electronic coin as a chain of digital signatures” and goes on to explain each owner signs a hash of the previous hash as well as the public key of the next owner.
Going on I am wondering if there would be any other possible ways for this without the use of a digital signature? (Even though I think this is nearly impossible or if not impossible)
Thanks for the time you spend to comment and give me advice!
- Tyler
It’s not possible to move any coin without proofing you own that coin and thats what the digital signature does it is the digital signature that actually show that you approved of the transaction and it is link to your private and the public key as well.
The digital signature help proofing that you actually own the coin without revealing your private key to the network
