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Will ECDSA be much less and fewer widespread when Schnorr signature can be utilized in Bitcoin?


Will ECDSA be much less and fewer widespread when the Schnorr signature can be utilized in Bitcoin?

You could use SegWit v1 (Taproot) addresses to have the ability to use Schnorr signatures on Bitcoin. A need to make use of Schnorr signatures will drive that adoption to some extent however there are different concerns like need to make use of Taproot Merkle timber of scripts and whether or not your pockets helps sending and receiving to SegWit v1 addresses. One would count on utilization of SegWit v1 addresses to extend over time as extra wallets help it and therefore utilization of Schnorr signatures to extend.

Is there any benefit of ECDSA over the Schnorr signature?

That is partially answered right here. So far as I do know the Schnorr signature scheme is strictly superior to the ECDSA signature scheme however because the linked reply states there are causes to nonetheless use ECDSA at the moment like standardization and extra widespread library help for ECDSA.

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