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What are some practical usages of message signing other than proving ownership of a Monero public key?

Clement J.
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1 Answers1

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Proving ownership of a Monero public key is helpful if you solely want to verify ownership but there are other uses. Here are a few possibilities:

"Ownership" and "control" are not always the same thing. A new user may have a Poloniex Monero address which they "own" but a potential donor trying to encourage new users to set up full nodes may require a signed message to verify control of an address before a donation is sent.

Communicating details relating to a business transaction is another use case. Merchant can use the message signing feature to confirm a package was sent, including a tracking #.

Suppose a buyer regularly sends monthly payments to a wine buyers club. One month the merchant suddenly changes its Monero address without warning. The buyer concerned about a possible MITM attack, could ask the merchant to sign a message confirming control over both their old public key and the new address.

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