Further Analysis of a Proposed Hash-Based Signature Standard

We analyze the concrete security of a hash-based signature scheme described in the most recent Internet Draft by McGrew, Fluhrer and Curcio. We perform this analysis in the random-oracle model, where the Merkle-Damgård hash compression function is models as the random oracle. We show that, even with a large number of different keys the attacker can choose from, and a huge computational budget, the attacker succeeds in creating a forgery with negligible probability (< 2−129).