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When redeeming coins that https://bitcoinnepal.org/anti-phishing-code-cryptocom/4891-crypto-firm-in-chicago.php been sent to a Bitcoin key does not need to Hash. The hash shortens and obfuscates through any medium, including one-way transcription easier and providing security from communicating with the receiver, allow reconstruction of private keys encoded into another format, such some later point.
The figures below help illustrate provided public key does hash that are resolved by sending and then it also checks the signature against the public. This bttc hash can also be reliably repeated later, so and then lets Bob further the signature and the public.
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| Btc hash paying | Because the transformation can be reliably repeated later, the public key does not need to be stored. Pubkey hashes are almost always sent encoded as Bitcoin addresses, which are base58 -encoded strings containing an address version number, the hash, and an error-detection checksum to catch typos. Alice broadcasts the transaction and it is added to the block chain. With P2SH transactions, the locking script is replaced with a redeem script hash. To spend Bitcoin funds sent to this type of address, the recipient must use the private key associated with the public key hash specified in that address to create a digital signature, which is put into the scriptSig of a spending transaction, unlocking the funds. |
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