I am working on a document to explain Bitcoin to students. But I am having a hard time translating the principle described in §2 of the Bitcoin whitepaper in layman's terms. There is a great question ...
This question is an extension of Families of public/private keys in elliptic curve cryptography As described above, bitcoin "type 2" deterministic wallets use a root private/public key pair, where ...
Bitcoin's HD (Hierarchical Deterministic) Keys as described in BIP32 allow for a master key to be created (a private key and a chain code) such that a tree of both public and private keys can be ...
Bitcoin uses SHA-256, Base58Check, ECDSA (Sep256k1) and RIPEMD-160 as the basis of its encryption (see this article for a short guide on how addresses are created). I would like to create an ...
When creating a Bitcoin account, you need to issue a couple of private/public ECDSA-keys. Then, you derive your account address by taking a 160-bit hash (through sha-256 and ripemd) of the public key ...