The ECC (Elliptic Curve Cryptography) algorithm was originally independently suggested by Neal Koblitz (University of Washington), and Victor S. Miller (IBM) in 1985. Although the ECC algorithm was proposed for cryptography in 1985, it has had a slow start and it took nearly twenty years, until 2004 and 2005, for the scheme to gain wide acceptance. ECC (Elliptic Curve Cryptography) is a relatively new algorithm that creates encryption keys based on using points on a curve to define the public and private keys.
Jun 04, 2015 ECC (Elliptic Curve Cryptography) is a relatively new algorithm that creates encryption keys based on using points on a curve to define the public and private keys. Key Benefits of ECC ECC key is very helpful for the current generation as more people are moving to the Smartphone. The Elliptic Curve Digital Signature Algorithm (ECDSA) is the elliptic curve analogue of DSA (Digital Signature Algorithm). Security of DSA based on the computational intractability of the discrete logarithm problem.
ECC key is very helpful for the current generation as more people are moving to the Smartphone. As the utilization of Smartphone extends to grow, there is an emerging need for a more flexible encryption for business to meet with increasing security requirements.
ECC stands for Elliptic Curve Cryptography is the latest encryption method offers stronger security. If we compare to the RSA and DSA algorithms, then 256-bit ECC is equal to 3072-bit RSA key. The reason behind keeping short key is the use of less computational power, fast and secure connection, ideal for Smartphone and tablet too.
The US government and the National Security Agency have certified ECC encryption method. The mathematical problem of the ECC algorithm, It is harder to break for hackers compare to RSA and DSA, which means the ECC algorithm ensures web site and infrastructure safety than traditional methods in a more secure manner.
The elliptic curve cryptography (ECC) certificates allow key size to remain small while providing a higher level of security. ECC certificates key creation method is entirely different from previous algorithms, while relying on the use of a public key for encryption and a private key for decryption. By starting small and with a slow growth potential, ECC has longer potential lifespan. Elliptic curves are likely to be the next generation of cryptographic algorithms, and we are seeing the beginning of their use now.
Minimum size (bits) of Public Keys | Key Size Ratio | |||
Security (bits) | DSA / RSA | ECC | ECC to RSA / DSA | Valid |
80 | 1024 | 160-223 | 1:6 | Until 2010 |
112 | 2048 | 224-255 | 1:9 | Until 2030 |
128 | 3072 | 256-383 | 1:12 | Beyond 2031 |
192 | 7680 | 384-511 | 1:20 | |
256 | 15360 | 512+ | 1:30 |
If we examine the above table, there is a considerable growth in DSA and RSA key than ECC key size. A longer key requires more space, more bandwidth, and additional processor power. Even, it will take a time to generate a key, encrypt data, and decrypt the data.
Encryption experts are pressed to find ever more effective methods, measured in security and performance, because the threats presented by hackers are ever greater – partly because the hackers themselves become more sophisticated in their attacks, and also because the fallout from an attack gets ever more dangerous as our use of data grows. It creates an urgency of new algorithms with a goal to provide a higher level of security by having keys that are more difficult to break, while offering better performance across the network and while working with large data sets.
Several factors are contributing to its increasing popularity. First of all, the security of 1024-bit encryption is degrading, due to faster computing and a better understanding and analysis of encryption methods. While brute force is still unlikely to crack 1024-bit encryption, other approaches, including highly intensive parallel computing in distributed computing arrays, are resulting in more sophisticated attacks. These attacks have reduced the effectiveness of this level of security. Even 2048-bit encryption is estimated by the RSA Security to be effective only until 2030.
The number of connections plays a vital role in selecting algorithm standard. ECC can handle more connections at the same time compare to RSA algorithm. An Organization has to maintain the balance between security, user experience, and IT infrastructure cost involved in network process.
To give true benefits of enhanced security, certificate authorities have started to embed ECC and DSA algorithm in their SSL certificates. Comodo has started to provide the ECC SSL certificates with keeping the emerging demand of Smartphone and other Compaq devices.
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secp256k1 refers to the parameters of the elliptic curve used in Bitcoin's public-key cryptography, and is defined in Standards for Efficient Cryptography (SEC) (Certicom Research, http://www.secg.org/sec2-v2.pdf). Currently Bitcoin uses secp256k1 with the ECDSA algorithm, though the same curve with the same public/private keys can be used in some other algorithms such as Schnorr.
secp256k1 was almost never used before Bitcoin became popular, but it is now gaining in popularity due to its several nice properties. Most commonly-used curves have a random structure, but secp256k1 was constructed in a special non-random way which allows for especially efficient computation. As a result, it is often more than 30% faster than other curves if the implementation is sufficiently optimized. Also, unlike the popular NIST curves, secp256k1's constants were selected in a predictable way, which significantly reduces the possibility that the curve's creator inserted any sort of backdoor into the curve.
As excerpted from Standards:
The elliptic curve domain parameters over Fp associated with a Koblitz curve secp256k1 are specifiedby the sextuple T = (p,a,b,G,n,h) where the finite field Fp is defined by:
The curve E: y2 = x3+ax+b over Fp is defined by:
The base point G in compressed form is:
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and in uncompressed form is:
Finally the order n of G and the cofactor are:
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