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Can someone explain very simplified how the Winternitz OTS/Lamport OTS works?

Simplified, Lamport One-Time-Signatures (OTS) work as follows. For illustration purposes I am using Bits and not Trits. Assume you have a private key PRIV that consists of 100 (random) pairs of ...
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Ternary numeral system and Lamport signature

IOTA uses balanced ternary system. Reason is that they want the system to be efficiently implemented in hardware (on their own trinary processor), and balanced ternary is easier in hardware (positive ...
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IOTA Winternitz Signature Scheme Details

All hashes in the signing function use Kerl. We start from an 81 tryte subseed that is generated by taking Kerl(seed + index). This will make the subseed sufficiently independent so that it is ...
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