SamuraiCourageous
Sat Jul 06 2024
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6 answers
1549
How are bitcoin addresses derived from public keys?
Could you elaborate on the process of how Bitcoin addresses are derived from public keys? I'm curious to understand the technical details behind this crucial step in the Bitcoin protocol. Specifically, I'd like to know what cryptographic algorithms are involved, how the hashing process works, and what specific steps are taken to ensure the security and uniqueness of each bitcoin address. Additionally, I'm interested in understanding the relationship between public keys and private keys in this context and how they contribute to the overall security of the Bitcoin network. Thank you for clarifying these aspects.
Carlo
Wed Jul 03 2024
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5 answers
770
What percentage of bitcoin addresses contain more than 1 BTC?
As a keen observer of the cryptocurrency market, I'm curious to understand the distribution of Bitcoin holdings among its addresses. Could you please elaborate on the percentage of Bitcoin addresses that actually hold more than 1 BTC? This information could provide valuable insights into the concentration of wealth within the Bitcoin ecosystem, as well as potential trends in investor sentiment and market dynamics. Understanding these metrics could help investors make more informed decisions regarding their own cryptocurrency portfolios.
