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NFT Term

Ring Signature

Definition of Ring Signature from the NFTguild.com glossary.

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A Ring signature is a type of digital signature scheme designed for groups of privacy-minded people whereby each person in the group is given a digital key. When any group member signs a document or initiates a transaction, it is nearly impossible to determine which specific member of the group completed the transaction. Ring signature cryptographic tools are used in private cryptocurrencies such as Monero.