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The parameters include the equation used, the prime modulo of the field, and a base point that falls on the curve. The order of the base point, which is not independently selected but is a function of the other parameters, can be thought of graphically as the number of times the point can be added to itself until its slope is infinite, or a vertical line. The base point is selected such that the order is a large prime number. Bitcoin uses very large numbers for its base point, prime modulo, and order.
The security of the algorithm relies on these values being large, and therefore impractical to brute force or reverse engineer. Who chose these numbers, and why? A great deal of research , and a fair amount of intrigue , surrounds the selection of appropriate parameters.
After all, a large, seemingly random number could hide a backdoor method of reconstructing the private key. In brief, this particular realization goes by the name of secpk1 and is part of a family of elliptic curve solutions over finite fields proposed for use in cryptography. With these formalities out of the way, we are now in a position to understand private and public keys and how they are related.
The public key is derived from the private key by scalar multiplication of the base point a number of times equal to the value of the private key. Expressed as an equation:. This shows that the maximum possible number of private keys and thus bitcoin addresses is equal to the order. In a continuous field we could plot the tangent line and pinpoint the public key on the graph, but there are some equations that accomplish the same thing in the context of finite fields.
In practice, computation of the public key is broken down into a number of point doubling and point addition operations starting from the base point. The parameters we will use are:. The calculation looks like this:. Here we have to pause for a bit of sleight-of-hand: how do we perform division in the context of a finite field, where the result must always be an integer? We have to multiply by the inverse, which space does not permit us to define here we refer you to here and here if interested.
In the case at hand, you will have to trust us for the moment that:. This operation - going from private to public key - is computationally easy in comparison to trying to work backwards to deduce the private key from the public key, which while theoretically possible is computationally infeasible due to the large parameters used in actual elliptic cryptography. As with the private key, the public key is normally represented by a hexadecimal string.
But wait, how do we get from a point on a plane, described by two numbers, to a single number? In an uncompressed public key the two bit numbers representing the x and y coordinates are just stuck together in one long string. We can also take advantage of the symmetry of the elliptic curve to produce a compressed public key, by keeping just the x value and noting which half of the curve the point is on.
From this partial information we can recover both coordinates. The data can be of any length. The usual first step is to hash the data to generate a number containing the same number of bits as the order of the curve. The recipe for signing is as follows:. As a reminder, in step 4, if the numbers result in a fraction which in real life they almost always will , the numerator should be multiplied by the inverse of the denominator.
In step 1, it is important that k not be repeated in different signatures and that it not be guessable by a third party. That is, k should either be random or generated by deterministic means that are kept secret from third parties.
Otherwise it would be possible to extract the private key from step 4, since , z , r , k and are all known. You can read about a past exploit of this type here. Calculate the point. Note that above we were able to divide by 3 since the result was an integer. In real-life cases we would use the inverse of k like before, we have hidden some gory details by computing it elsewhere :. As with the private and public keys, this signature is normally represented by a hexadecimal string.
We now have some data and a signature for that data. A third party who has our public key can receive our data and signature, and verify that we are the senders. With Q being the public key and the other variables defined as before, the steps for verifying a signature are as follows:. Why do these steps work? We are skipping the proof, but you can read the details here. Our variables, once again:. Sit back for a moment to appreciate that by using the grouping trick we reduce 75 successive addition operations to just six operations of point doubling and two operations of point addition.
These tricks will come in handy when the numbers get really large. We have developed some intuition about the deep mathematical relationship that exists between public and private keys. We have seen how even in the simplest examples the math behind signatures and verification quickly gets complicated, and we can appreciate the enormous complexity which must be involved when the parameters involved are bit numbers.
And we have newfound confidence in the robustness of the system, provided that we carefully safeguard the knowledge of our private keys. If you hung in through the complicated bits, we hope it gave you the confidence to take the next step and try out the math on your own a modular arithmetic calculator makes the finite field math much easier. This article has been republished here with permission from the author. Originally published on Chain.
The author gives s pecial thanks to Steven Phelps for help with this article. Eric Rykwalder is a software engineer and one of Chain. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights , which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Obama-era Treasury veteran Michael Barr must still win a difficult Senate confirmation. The blockade only applies to the Tornado Cash front-end, not the underlying smart contract, one of the protocol's founders later tweeted. Layer 2. Global adoption makes regulating crypto inside national siloes futile.
Where do security laws fit in the crypto industry? Bitcoin Protocol. But first, a crash course on elliptic curves and finite fields. Elliptic curves. An elliptic curve is represented algebraically as an equation of the form:. We can use these properties to define two operations: point addition and point doubling. Here, 7P has been broken down into two point doubling steps and two point addition steps. Finite fields. Putting it together. The third intersecting point is 47, 39 and its reflection point is 47, I can set up my new idea from this post.
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