I will be explaining Bitcoin to a non-technical group and I am hoping somebody can provide me with a very basic visual analogy of the crypto-currency mining process. My half-baked idea, was to ...
It's clear that, as a first pass, Hashcash is in FNP. For instance, say that R(x,y) is a binary relation, where x is a "maximum" target hash, and y is an input string (working block + nonce), R(x,y) ...
If I correctly understand the concept of a "brain wallet" in BitCoin, you start with a passphrase, generate the hash of the passphrase, then somehow derive a public / private key from that to use as ...
Recently I've been trying to implement some Bitcoin-related code, and I've stumbled upon a weird concept, a SHA-256 "midstate". Some explanation is given here. The general concept is that Bitcoin ...