How Many Public Keys Per Private Key Litecoin
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How Many Public Keys Per Private Key Litecoin - Bitcoin addresses are RIPEMD-160 hashes of the public key. Public keys and private keys come in linked pairs. Someone who has the same private key as you will have the same public key, and the same bitcoin address. The OP is talking about different public/private keypairs having the same bitcoin address.
How Many Public Keys Per Private Key Litecoin - Each Bitcoin is actually some type of computer file which will be saved in a digital wallet app on a smartphone or computer.
A simple Bitcoin wallet consists on one of more pairs of public and private keys (I'm saying simple here as some wallet structure allow for deterministic public key generations and private keys that can only spend part of the wallet, but the principle with public/private keys remains the same).
Persons can send Bitcoins (or element of one) to your digital budget, and you can deliver Bitcoins to other people.
Bitcoin, usually described as a cryptocurrency, a digital currency or perhaps a digital currency - is a kind of money that is fully virtual.
Every single purchase is recorded in a public number called the blockchain.
That makes it possible to trace the annals of Bitcoins to avoid individuals from paying coins they cannot possess, making copies or undo-ing transactions.
The public key is also mathematically derived from your private key, but using reverse mathematics to derive the private key would take the world’s most powerful supercomputer many trillion years to crack. Besides these key pairs and a bitcoin wallet address, your bitcoin wallet also stores a separate log of all of your incoming and outgoing ...
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