Coinbase has released a cryptographic library
Kryptology will simplify the process of creating new projects for crypto developers
07.12.2021 - 09:05
641
1 min
0
What’s new? Coinbase, the world's fourth-largest cryptocurrency exchange, has announced on its website a new open-source cryptographic library, Kryptology. The library provides access to secure APIs and other tools for the developers.
What else does the library offer? The library will provide access to the Shamir Secret Sharing (SSS) algorithm, designed to store the private keys. This algorithm is ideal for creating complex DeFi systems. In addition, Kryptology implements Boneh-Lynn-Shacham (BLS) signatures. The project also offers a set of documents, which include various guidelines for the developers and the error analysis.
How did Coinbase comment on the project? The company hopes to simplify the development of new projects and wants to enable developers to focus only on the most important aspects of the cryptography:
“While enabling further innovation is our primary goal, we also aim for Kryptology to elevate the standard for what is considered to be a robust, usable cryptographic library.”
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$97 246
BTC
-1.36%
-
Ethereum
$3 342.74
ETH
-1.12%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.38
XRP
-10.03%
-
Dogecoin
$0.416455
DOGE
-11.77%
-
Cardano
$1.01
ADA
-6.13%
-
Stellar XLM
$0.540344
XLM
+22.85%
-
Polkadot
$8.52
DOT
+4.46%
-
Bitcoin Cash
$497.38
BCH
-6.29%
-
Litecoin
$95.63
LTC
-7.31%