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Elliptic Curve in Bitcoin - Estudio Bitcoin

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Recently, I was helping a friend to set up his new watch-only wallet. As expected, a common concern came up when he was using it: «If you always tell me to keep my private keys as secret as possible, why can I enter my public key1 into the wallet without putting my funds at risk?» That’s when I took the opportunity to explain to him the concept of one-way cryptographic functions. More precisely, the function that allows the derivation of the public key: The Elliptic Curve. After talking about this topic for a while, a realization struck me: I remembered that when I had to understand how the Elliptic Curve works it took me many hours, because most of the sources that can be consulted have the documentation poorly formulated and, in some cases, there are parts missing. In addition, my friend was able to understand how the Elliptic Curve works after my explanation in less than 30 minutes. That’s why, based on the approach I used to explain the amazing concept of Elliptic Curve to him, I w

Elliptic Curve in Bitcoin - Estudio Bitcoin Saltar al contenido Close Menu X Tiempo de lectura aprox: 7 minutos, 45 segundos Recently, I was helping a friend to set up his new watch-only wallet. As expected, a common concern came up when he was using it: «If you always tell me to keep my private keys as secret as possible, why can I enter my public key 1 into the wallet without putting my funds at risk?» That’s when I took the opportunity to explain to him the concept of one-way cryptographic functions. More precisely, the function that allows the derivation of the public key: The Ellipt

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