Hello Bitcoin

Do you know how bitcoin addresses are constructed?



j_junquera

12 solved
July 18, 2017, 8:56 p.m.

As it's explained in Crypt4you this is the bitcoin address generation algorithm:

1. hash_key = v || RIPEMD160(SHA256(pk))
2. checksum = SHA256(SHA256(hash_key)) and just taking the first 4 bytes of the result
3. address = Base58Enc(hash_key || checksum)

Very usefull for step-by-step learning the official documentation: https://en.bitcoin.it/wiki/Technicalbackgroundofversion1Bitcoinaddresses