- 06.02.2020

Bitcoin scriptpubkey to address

bitcoin scriptpubkey to addresstovar-id.ru(tovar-id.rus. for the answer but it is important for me to get the same result that would give bitcoin-cli. ScriptPubKey · Bitcoin Addresses are composed of a version byte which identifies the network where to use the address and the hash of a public key. · It is also.

Bitcoin scriptpubkey to address

Where can you find P2PKH scripts? Every time you send bitcoins to an address that starts with a 1 you are creating a P2PKH locking script.

Bitcoin scriptpubkey to address

Only Satoshi knows why we started bitcoin scriptpubkey to address P2PKH, but the reason probably goes something like this… Satoshi bitcoin scriptpubkey to address a easier way for people to be able to share their public keys with each other. Satoshi knew that you could make public keys: Safer by adding a this web page to detect errors Shorter by converting the public bitcoin scriptpubkey to address to base58 However, the result was still pretty big: Satoshi was possibly not aware of compressed public keys bitcoin scriptpubkey to address the time.

Bitcoin scriptpubkey to address, a solution for bitcoin scriptpubkey to address an even shorter result is to hash the public key first: A hash function is good way to make anything continue reading.

Bitcoin scriptpubkey to address

Hash produces a bit result, which is 40 characters long. So bitcoin scriptpubkey to address we have a much shorter version of our public key we call it an address that we can easily share with other people.

Any wallet software can then take this address and decode it from base58 to get the public key hashwhich can then be set bitcoin scriptpubkey to address a locking script.

Bitcoin scriptpubkey to address

Wallet software decodes addresses to get the public key hash from inside it. Now, the only thing we have to do to make this work is to change the locking mechanism so that we lock bitcoin scriptpubkey to address output to the hash of a public key.

Bitcoin scriptpubkey to address

Maybe, maybe not. Good question.

Bitcoin scriptpubkey to address

Still, it would have been simpler to have used P2PK from the start.

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