In 2020, the IOG team published the work One-shot Signatures and Applications to Hybrid Quantum/Classical Authentication. The work went unnoticed. It was known only in the Cardano community. The Ethereum team recently came across this work and is excited about it. A collaborative workshop between the University of Edinburgh, IOG, and the Ethereum team is planned. One-shot signatures bring advanced cryptography to better secure the functioning of the blockchain. In addition, it allows the creation of such things as blockchain-less cryptocurrency. In the article, we will explain the basic principles of one-shot signatures.
Read the article: https://cexplorer.io/article/understanding-one-shot-signatures