Definition of Ring Signature
Ring signature is a digitized signature that can be done by any authorized person or a person who has access to sign for a specific task or transaction. It was launched in 2001 by ASIACRYPT. Any key person can do this ring signature.
Brief Explanation of Ring Signature
This can be applied to every input of a transaction. There is no need for an owner’s approval; all the transactions have been completed only in the presence of a key person. For the backup, there is a concept of a message signature, which has been endorsed by anyone in a particular group.