ECDSA Node is a blockchain project that provides a hands-on experience in developing a basic blockchain application. The project consists of three key components: Wallet, Transfer, and Output, which work together to enable secure transactions between accounts.
The Wallet component serves as the user interface for managing user accounts. It allows users to:
- View their wallet address, balance, and private key.
- Input their private key, and the component uses the
ethereum-cryptography
library to generate the corresponding wallet address. - Enter a message that they want to sign for transaction verification.
The Transfer component is responsible for facilitating secure transactions between accounts. The process involves:
- Generating the message hash of the transaction using the
ethereum-cryptography
library. - Using the
secp256k1
library from the@noble/curves
package to sign the message hash with the user's private key, producing a digital signature. - The digital signature ensures that only the user with the correct private key can authorize the transaction.
The Output component provides visual feedback to users by displaying the details of the transaction, including:
- The sender's address.
- The recipient's address.
- The signature generated during the transaction.
- Additionally, the Output component shows the resulting balance after a successful transfer.
- Public Key Cryptography: The project leverages public key cryptography provided by the
ethereum-cryptography
library to create secure transactions. This ensures that transfers can only be completed with a valid signature from the private key owner. - Digital Signatures: The
secp256k1
library from the@noble/curves
package is utilized to generate digital signatures for each transaction. These signatures are used to verify the authenticity of the transactions and prevent unauthorized access.
Please note that this project is designed for educational purposes and is not intended for production use. As it operates on a single centralized server, it assumes trust in the server operator for this learning exercise. However, in real-world blockchain applications, decentralized networks and consensus mechanisms are critical to ensuring security and trust.