Explaining The Math Behind Bitcoin
Chain engineer Erik Rykwalder wrote an educational blog post yesterday, The Math Behind Bitcoin. Specifically, Erik concisely explains some of the fundamentals of Elliptic Curve Digital Signature Algorithm (ECDSA). When the term "key", "key pair" or "private/public key" is used in Bitcoin it means an ECDSA key pair. These keys are mathematically linked and can be used to encrypt and decrypt data. Bitcoin needs a bit more than just ECDSA key pairs to transfer ownership of bitcoins, however. Core developer Gregory Maxwell dropped by the Reddit post to explain some of those subtleties. As....
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