Tag: Blockchain

Read Part-1 and Part-2 to get the complete picture. Please note, from Part-1, the special number that Mr. B provided to Mr. A while purchasing Bitland. The special number was - 04ce875702b93398d29b2bf5af7878dd86130cca4f1a53143b82af53c02089e2d56609a16e08a1cd7a68e355a5d893f22f90d30d4ecb25f6d1afeebc0917d3d01e As you can see in Part-2 this is the Public-Key. We can say Mr. B generated this Public-Key using his Private-Key. Mr A… Continue reading Trustless trustworthy network – Part 3 →

To understand how Mr. E of Blcokchainians verifies ownership of Bitland described in Part-1, we need to understand, without really going into the mathematical details, the digital signature and verification mechanism. The algorithm used is ECDSA - Elliptic Curve Digital Signature Algorithm. For those of you who are a bit more mathematically inclined, read this… Continue reading Trustless trustworthy network – Part 2 →

It took a while for me to get a complete picture of how bitcoins change hands. It is completely unlike the way we deal our money, cash – digital or otherwise. In our day-to-day life, if somebody pays us, say in currency notes, we carry that with us, in our wallet. The currency note changes… Continue reading Trustless trustworthy network – Part 1 →