Blockchain Cryptography
BitcoinThe term "Bitcoin" can either refer to Bitcoin the network, ... More relies heavily on cryptographic technologies such as Hash functions (i.e., SHA-256 and RIPEMD-160) and Asymmetric Public Key CryptographyCryptography is the encryption mechanism used to secure cryp... More (i.e., the Elliptic Curve Digital Signature Algorithm [ECDSA]) to create a new pair of private key and a unique corresponding public key deriving from the private key. The public key is used to receive funds, is broadcasted out to the network and is visible to everyone after coins have been spent. In the payment portion of a bitcoin transaction, the recipient’s public key is represented by its digital fingerprint, called a bitcoin addressA bitcoin address is a unique cryptographic key that “owns... More, which is generated from and corresponds to a public key.
Note: These are non-technical definitions meant for a general audience and should not be used as legal definition