Beginner
Before we delve into the inner workings of a bitcoin transaction I wanted to explain how the actual bitcoin address is derived from the public key which in turn is derived from the private key.

I take through step by step all the steps required to derived the checksums etc and show with a real example of a real bitcoin transaction.

Also discuss why checksums are included in Bitcoin addresses in order to eliminate the possibility of characters being corrupted, or modified in transit.

This is the cool tool for converted from base 58 encoded value to hex value.
http://lenschulwitz.com/base58

Good link talking about base 58 encoding.
https://en.bitcoin.it/wiki/Base58Check_encoding

Products You May Like

Articles You May Like

SEC’s Top Crypto Cop Joins Coinbase’s Law Firm
LIVE Bitcoin Is It Time?! August 2019 Price Prediction, News & Trade Analysis
Bitcoin Pumping! NEW DATA Shows Top Altcoins With Fake Hype Vs Volume
Mainstream News Trumpets Bitcoin, Gold as Global Recession Hedge
FTC Settles With Promoters of Multi-Level Marketing Crypto Scheme

Leave a Reply

Your email address will not be published. Required fields are marked *