Understanding Chain Signatures: The Future of NEAR Protocol
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About this video
Discover the basics of Chain Signatures and how they enhance security in NEAR’s ecosystem. We break down the multiparty protocol that allows for secure ECDSA signatures on any hash, revolutionizing transaction integrity across blockchains. #ChainSignatures #NEARProtocol #BlockchainSecurity #ECDSA #CryptoTransactions #MultipartySignature #Hashing #CryptoBasics #BlockchainTechnology #DigitalSecurity
Transcript
204 wordsCaptions as YouTube publishes them, usually machine-generated, so product and people names can be misheard.
- 0:00
um but let's take a a step back and really think about like what is what what is chain signatures in general let's do like the basics so um the chain signatures protocol a near basically allows um it allows you to just do a simple near um kind of function call to the chain signatures contract and basically get back an e DSA signature for any for any hash or or like payload that you would want to sign so uh we all know like on different blockchains ethereum Bitcoin uh what what have you
- 0:37
you know all the transactions basically get hashed at some point whether it's a sha 256 or whether it's like a kak uh hash on ethereum all the transaction details get hashed down into basically uh you know 32 bytes so how do you sign those 32 bytes well that's where the chain signatures uh Team came in and they basically created this protocol that allows us to use a multi-party uh sort of set of nodes to produce a secure signature for any hash
- 1:11
now how do you how do we actually get a hash uh well we basically have to call the near chain signatures contract