Based on the formula of point addition and point doubling on the Edwards elliptic curve on the prime field, combined with the method of calculating only y coordinate, the formula in the affine coordinate system was deduced, and Montgomery Ladder Algorithm Using Only-y-Coordinate has been given in combination with Lopez- Dahab's ideas. To reduce the inversion operation, we proposed transforming affine coordinate into standard projective coordinates and designing a Co_Z Montgomery Algorithm 5 to improve the Edwards elliptic curve. At the same time, a new algorithm, four based on the Markov chain, is proposed. Theoretical analysis shows that Co_Z Algorithm 5 is 21.4% faster than Yu W Weierstrass-form Elliptic Curves Montgomery algorithm. Algorithm 4 is 35.9% faster than Yu W Algorithm 3. The efficiency of the two algorithms is improved remarkably. The theoretical analysis is supported by elliptic curve experiments in the different binary prime fields.