Description: Transaction signing is a process that uses cryptographic signatures to verify the authenticity of a transaction, often requiring multifactor authentication. This method is based on asymmetric cryptography, where two keys are generated: a public key and a private key. The private key is used to sign the transaction, while the public key allows others to verify that the signature is valid and that the transaction has not been altered. This approach ensures the integrity of the information and provides an additional layer of security by requiring multiple authentication factors, such as a code sent to a mobile device or biometric verification. Transaction signing is especially relevant in environments where security is critical, such as in financial and digital systems, where large sums of money and sensitive data are handled. By combining cryptographic signing with multifactor authentication, the risks of fraud are minimized, ensuring that only authorized parties can carry out transactions, thereby strengthening trust in digital systems.
