Research on Elliptic Curve Cryptography in Blockchain of Efficiency and Security

Xiangqi Ruan

2024

Abstract

This study explores the application and future potential of Elliptic Curve Cryptography (ECC) in blockchain technology, with a particular focus on Bitcoin. As a key cryptographic algorithm in blockchain, ECC is valued for its high efficiency and small key size, significantly reducing computational and storage demands while maintaining robust security. The research delves into the mathematical foundations of ECC and compares it with other cryptographic algorithms, such as Rivest-Shamir-Adleman (RSA). The role of ECC in blockchain systems is thoroughly examined, highlighting its principles and applications in securing cryptocurrencies like Bitcoin. Through performance analysis, ECC is shown to excel in terms of speed, resource efficiency, and security. The results demonstrate that ECC not only conserves bandwidth and computational resources but also provides strong protection against attacks. Despite its complexity and limited current adoption, this study emphasizes the security advantages of ECC, offering a strong case for its broader application in blockchain systems. The findings provide valuable insights for future cryptographic research, supporting the role of ECC in enhancing blockchain security.

Paper Citation

in Harvard Style

Ruan X. (2024). Research on Elliptic Curve Cryptography in Blockchain of Efficiency and Security. In Proceedings of the 2nd International Conference on Data Analysis and Machine Learning - Volume 1: DAML; ISBN 978-989-758-754-2, SciTePress, pages 369-373. DOI: 10.5220/0013524200004619

in Bibtex Style

@conference{daml24,
author={Xiangqi Ruan},
title={Research on Elliptic Curve Cryptography in Blockchain of Efficiency and Security},
booktitle={Proceedings of the 2nd International Conference on Data Analysis and Machine Learning - Volume 1: DAML},
year={2024},
pages={369-373},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0013524200004619},
isbn={978-989-758-754-2},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd International Conference on Data Analysis and Machine Learning - Volume 1: DAML
TI - Research on Elliptic Curve Cryptography in Blockchain of Efficiency and Security
SN - 978-989-758-754-2
AU - Ruan X.
PY - 2024
SP - 369
EP - 373
DO - 10.5220/0013524200004619
PB - SciTePress